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IFC advisory services in the Pacific : experience and outcomes 1990-2010 (English)

Since 1980, International Finance Corporation (IFC) has been instrumental in fostering sustainable economic growth by financing private sector investment, advising businesses and governments, mobilizing capital, and managing assets in the Pacific region. IFC’s Pacific member countries recognize the valuable role that the private sector plays in creating job opportunities, generating tax revenues, and expanding services. They are committed to working with IFC to improve lives, especially for the people who most need the benefits of such growth. Although the region presents numerous challenges for private sector development, the Pacific islands have experienced steady economic growth over the last twenty years. Since 1990, advisory services have been the cornerstone of IFC’s engagement in the Pacific. Donor funds from the governments of Japan, Australia, and New Zealand have supported IFC advisory services operations. During this period, IFC primarily helped businesses in the region obtain funds from commercial banks to start or expand their operations. Several projects that requested IFC’s help in sourcing funds were classified as first requiring IFC’s technical assistance to strengthen and streamline their operations before seeking additional funds. IFC’s assistance improved operations, refocused goals to achieve more productive activity, and - in some cases - provided necessary information for the business to move into exporting. During this period, IFC also expanded its regional presence by opening offices in Papua New Guinea and Timor-Leste. Job creation and the amount of funding raised were the central modes of measuring project performance. Where possible, IFC advisory services maintains the capacity to deliver firm-level assistance where investment linkages exist. The report captures the transformational impact IFC’s investments have had to date.


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    Working Paper

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  • Country

    Pacific Islands,

  • Region

    East Asia and Pacific,

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  • Doc Name

    IFC advisory services in the Pacific : experience and outcomes 1990-2010

  • Keywords

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IFC advisory services in the Pacific : experience and outcomes 1990-2010 (English). Washington, D.C. : World Bank Group.