IFC Media Program Promotes Good Corporate
Paris, France, May 20, 2011—IFC, a member of the World Bank Group,
and the Agence France-Presse (AFP) Foundation have launched a Media Practice
Group to steer the IFC Global Corporate Governance Forum’s Media Training
Program. The training program raises public awareness of corporate
governance through the media, improves journalists’ reporting skills on
corporate governance issues, and encourages them to promote corporate governance
best practices in emerging markets.
The Media Practice Group aims to share progress of the training program
and lessons learned with internal and external stakeholders around the
world. It also aims to work with IFC Advisory Services project managers
and members of the Corporate Governance Network and Private Sector Advisory
Group to help develop the skills of journalists in reporting on corporate
governance and enable them to build a cohesive global network. Another
objective of the group is to engage partners like IFC Advisory Services
and media organizations to work with the Forum to deliver capacity-building
workshops, produce a media toolkit, and motivate journalists to get involved
through a virtual press club.
Robert Holloway, AFP Foundation Director, said, “We are pleased to partner
with IFC in this important venture. Few journalists know much about corporate
governance, but it is a factor in some of the biggest news stories of our
time, from the financial crisis to the Arab spring.”
Eugene Spiro, IFC Senior Projects Officer, said, “It is crucial to strengthen
the media’s ability to report effectively on corporate governance, not
only to increase public awareness about the subject but also to hold companies
The Global Corporate Governance Forum is the leading knowledge and capacity-building
platform dedicated to corporate governance reform in emerging markets and
developing countries. It is a multi-donor trust fund, co-founded in 1999
by the World Bank and OECD.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.
For more information about IFC Global Corporate Governance Forum, visit
For more information about AFP Foundation, visit www.fondation.afp.com.