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IFC FY07 Advisory Projects

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					                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                                Total Estimated
      Region                Country               Project                                   Project Description                                    Funding
                                                                                                                                               (US$ Thousands)
Central and Eastern   Armenia              Armavia               The project provides advisory services for Armavia, the only passenger       $              400
Europe                                                           airline of Armenia. The objective is an IFC investment package,
                                                                 including a quasi-equity investment in the company and advisory
                                                                 support.
Central and Eastern   Belarus              Business Enabling     Building on prior achievements, the project continues improvement of       $             2,053
Europe                                     Environment           the Belarus business environment for SMEs, conducting surveys,
                                                                 helping streamline regulatory procedures, and improving SME access
                                                                 to information. The objective is the reduction of cost and time
                                                                 requirements for SMEs to complete regulatory procedures, and the
                                                                 consequent increase in profits recuperated by the sector as a result of
                                                                 legislative changes.
Central and Eastern   Belarus              Detroit Belarus Juice The project helps an IFC investment sponsor in Belarus to achieve          $                50
Europe                                     Company               Hazard Analysis and Critical Control Point food safety certification. The
                                                                 objective is to strengthen the company’s market position and enhance
                                                                 its ability to export to new markets such as Russia and the European
                                                                 Union.
Central and Eastern   Central Europe       Investment Promotion The project provides advisory services to subnational entities in Central $                 300
Europe                Region                                     Europe. The objectives are 1) to increase officials’ awareness regarding
                                                                 creditworthiness and the mechanisms for raising investment funds, and
                                                                 build their capacity to evaluate and design financing opportunities; 2) to
                                                                 strengthen financial management and performance of potential
                                                                 subnational beneficiaries; and 3) to help potential subnational
                                                                 borrowers prepare sound investment proposals.

Central and Eastern   Eastern Europe       Fuel Cell Financing    The project works with 16 locations in 6 countries and 1 territory of the   $             364
Europe                Region                                      South East Europe region, creating competition to improve Doing
                                                                  Business indicators, motivating reformers, measuring progress over
                                                                  time through benchmarking, and ensuring sustainability. The objective
                                                                  is to provide tools and motivations for reforms to lower administrative
                                                                  barriers at the subnational and regional levels and reduce transaction
                                                                  costs to open a business, register property, enforce contracts, and
                                                                  obtain licenses, thereby helping to stimulate investment.

Central and Eastern   Russian Federation   Banking Advisory       The project provides in-depth, tailored assistance and advisory services $              1,000
Europe                                     Project                to selected medium-size Russian banks, strengthening their internal
                                                                  control and risk management systems, and improving their capacity to
                                                                  formulate coherent business strategies with sound underlying capital
                                                                  management. The objective is to improve the banks’ ability to provide
                                                                  further support to the private sector, especially SMEs, and to contribute
                                                                  to the development of a healthy financial system in Russia that can
                                                                  support the overall growth of the economy.


                                                                       Page 1 of 63
                                      IFC Advisory Services Projects Approved During FY07
                                                                                                                                                 Total Estimated
      Region                Country               Project                                    Project Description                                    Funding
                                                                                                                                                (US$ Thousands)
Central and Eastern   Russian Federation   Russian Federal        The project provides advisory services to the Russian Federal Service        $              300
Europe                                     Service for Financial  for Financial Markets, the country's securities market regulator. The
                                           Markets                objective is to develop new laws to improve the legal and regulatory
                                                                  environment for domestic securitization transactions.
Central and Eastern   Russian Federation   Insurance industry     The project is developing a glossary of insurance legal terms in the       $                95
Europe                                     Glossary               Russian Federation. The objective is to produce a reference tool for
                                                                  widespread use throughout the insurance industry in Russia, also
                                                                  possibly serving as a template for Central Asian countries within the
                                                                  framework of the Eurasian Economic Community.
Central and Eastern   Russian Federation   Administrative         The project assists the postconflict regions of the Northern Caucuses,     $               721
Europe                                     Barriers to Investment part of Russia's Southern Federal District, by 1) studying administrative
                                                                  barriers to investment and business development, and causes of
                                                                  informality; and 2) recommending solutions. The objective is to improve
                                                                  the business climate by reducing the burden of regulation for new
                                                                  investors and existing businesses, and by facilitating formalization in
                                                                  this frontier region.
Central and Eastern   Russian Federation   Doing Business         The project assists client governments at the subnational level in         $               180
Europe                                                            Russia, both oblast and municipal, through use of Doing Business
                                                                  indicators, public-private policy dialogue, competition for reform,
                                                                  promotion of best practices, and benchmarks to measure progress over
                                                                  time. The objective is to eliminate administrative barriers to investment.

Central and Eastern   Russian Federation   Cleaner Production      The project determines an appropriate IFC intervention in the Russian       $              95
Europe                                     Feasibility Study       Federation. The objective is to increase the uptake of cleaner-
                                                                   production and environmental-management techniques and
                                                                   technologies in Russia.
Central and Eastern   Russian Federation   Russkiy Mir Group       The project provides advisory services to the Russkiy Mir Group in          $              50
Europe                                                             Russia. The objectives are 1) to build the capacity of local stakeholders
                                                                   to participate in and benefit from project-level consultations and
                                                                   disclosure, and from the company’s social investment planning
                                                                   processes; and 2) to produce an overall strategic framework for
                                                                   engaging with local stakeholders and addressing the issues that are
                                                                   important to them.
Central and Eastern   Russian Federation   A Chance to Work        The project promotes ―A Chance to Work‖ in the Russian Federation.          $             210
Europe                                                             The objectives include 1) providing Russia's disadvantaged youth with
                                                                   training and internship opportunities at major domestic and foreign
                                                                   companies; 2) reducing social tension and promoting corporate social
                                                                   responsibility in business society; 3) ameliorating certain stereotypes
                                                                   surrounding orphans; 4) generating potential new business links
                                                                   through nontraditional means; and 5) further demonstrating IFC's
                                                                   commitment to reducing poverty and improving lives.


                                                                        Page 2 of 63
                                        IFC Advisory Services Projects Approved During FY07
                                                                                                                                                 Total Estimated
      Region                  Country             Project                                   Project Description                                     Funding
                                                                                                                                                (US$ Thousands)
Central and Eastern   Ukraine              Mortgage Market       The project helps mortgage companies in Ukraine to develop and                $              700
Europe                                     Initiative            introduce a standard zakladnaya (a mortgage note or security that
                                                                 allows for effective transfer of rights to financial obligations generated
                                                                 by a residential mortgage loan). The objective is to increase liquidity of
                                                                 the country’s primary mortgage market.
Central and Eastern   Ukraine              Business Enabling     The project addresses key regulatory barriers that hinder                     $           4,000
Europe                                     Environment           competitiveness of the economy in Ukraine, through simplification,
                                                                 monitoring, outreach, information dissemination, and advocacy. The
                                                                 objective is to improve the country’s business enabling environment
                                                                 through standardization and simplification of procedures and
                                                                 requirements.
East Asia and Pacific Cambodia             Bank Advisory Project Part of a broader regional initiative, the project works with partner banks   $           1,270
                                                                 in Cambodia to introduce new financial products, services, and
                                                                 distribution channels, and to improve the existing ones. The objective is
                                                                 to make a broader range of financial services more accessible and
                                                                 affordable to the private sector, particularly SMEs.
East Asia and Pacific Cambodia             Alternative Dispute   The project works with the government of Cambodia to develop an               $              95
                                           Resolution            alternative dispute-resolution mechanism for commercial disputes, to
                                                                 operate over 3–5 years with IFC support. The objective is to provide an
                                                                 effective alternative to the court system in commercial disputes, thereby
                                                                 strengthening the economy by releasing funds that are in dispute
                                                                 between companies.
East Asia and Pacific China                Microfinance Pilot    The project uses the pilot approach to set up viable, well-run                $           4,800
                                           Scheme                microfinance institutions in China, while continuing to provide such
                                                                 services as policy advice, capacity building, and dissemination of best
                                                                 practice. The objective is to reduce poverty in the country’s rural areas,
                                                                 and to foster a competitive environment in rural and small-business
                                                                 financing.
East Asia and Pacific China                Private Sector        The project provides expertise and other resources to assist China’s          $              92
                                           Financing             Department for Foreign Capital Utilization with a comprehensive review
                                                                 of the country’s external borrowing management policy over the past
                                                                 two decades. The objective is to help the government assess, and
                                                                 ultimately update, its foreign borrowing management regulations.

East Asia and Pacific China                Nanjing City           The project provides advisory services to Nanjing City Commercial            $             350
                                           Commercial Bank        Bank, including international best practice and knowledge support,
                                                                  focusing on small-business credit development and monitoring. The
                                                                  objective is to build the bank’s small-business banking capacity.




                                                                        Page 3 of 63
                                        IFC Advisory Services Projects Approved During FY07
                                                                                                                                                 Total Estimated
       Region                 Country               Project                                   Project Description                                   Funding
                                                                                                                                                (US$ Thousands)
East Asia and Pacific China                  Housing Finance        The project provides advisory services to support the development of a     $              950
                                             Advisory Program       sustainable market-based housing finance market in China. The
                                                                    objective is to increase the availability of affordable housing finance for
                                                                    the middle- and lower-income groups, helping to improve living
                                                                    conditions for hundreds of millions of people.
East Asia and Pacific China                  Investment Climate     The project assists the Chinese government with regulatory reforms          $            159
                                             Reform                 through benchmarking and making public the Doing Business indicators
                                                                    to help stimulate private investment in lesser developed regions,
                                                                    complementing previous WBG diagnostic studies, documenting and
                                                                    analyzing best practice cases, and building the capacity of a committed
                                                                    Chinese counterpart to continue the subnational Doing Business work.
                                                                    The objective is to improve regulation effectiveness and reduce
                                                                    administrative barriers for private investment.

East Asia and Pacific China                 Technical and        The project involves publication funding in China. The objective is to        $              75
                                            Vocational Education enable funding for the editing, translating into Chinese, and publishing
                                                                 of materials to support the country’s technical and vocational education
                                                                 sector.
East Asia and Pacific China                 Social and           In collaboration with international buyers, the project works with the        $             220
                                            Environmental        local government and with information and communications technology
                                            Standards            manufacturers in Shenzhen, by 1) addressing public sector barriers to
                                                                 social and environmental performance improvements, and 2) building
                                                                 capacity of local suppliers to meet new international social and
                                                                 environmental standards. The objective is to increase the
                                                                 competitiveness of the ICT sector, first in Shenzhen, then in less
                                                                 competitive provinces in China.
East Asia and Pacific China                 Farm Management      The project provides advisory services to North Andre, China (an IFC          $             839
                                            Linkages             investment client and one of the world’s largest producers of apple-juice
                                                                 concentrate). The objectives are 1) to introduce traceability in the apple
                                                                 supply chain; 2) to improve farm management practices and marketing
                                                                 opportunities for fresh apples at the farm level; and 3) to strengthen
                                                                 institutional capacity at the local and national levels to increase
                                                                 awareness of good agricultural practice and traceability across the
                                                                 Chinese apple industry.
East Asia and Pacific East Asia and Pacific Corporate            The project provides an opportunity for directors of institutions in China    $             232
                      Region                Governance Forum     to share international experience, address boardroom challenges, and
                                                                 learn new ways to set strategy and monitor management. The
                                                                 objectives are 1) to improve the policy framework for corporate
                                                                 governance (CG) and create incentives for efficient boardroom
                                                                 practices; and 2) to deepen understanding of the CG policies of the
                                                                 Organisation for Economic Co-operation and Development and of
                                                                 China.
                                                                          Page 4 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                        Total Estimated
       Region                Country              Project                                  Project Description                             Funding
                                                                                                                                       (US$ Thousands)
East Asia and Pacific East Asia and Pacific OECD Task Force on The project addresses corporate governance (CG) issues among state- $                 177
                      Region                Corporate          owned enterprises in Asia. The objectives are 1) to raise awareness of
                                            Governance         the importance of good CG; 2) to evaluate and benchmark current CG
                                                               policy frameworks; 3) to provide a forum for peer sharing of knowledge
                                                               and experience with CG; and 4) to support viable and effective reforms.

East Asia and Pacific Fiji                 Business Enabling     The project works with Fiji’s Office of the Registrar of Companies to      $       332
                                           Environment           implement the recommendations of a review funded by the Foreign
                                                                 Investment Advisory Service. The objective is to streamline and simplify
                                                                 business processes, reducing to three days the time it takes to
                                                                 incorporate a business, with an expected positive impact on business
                                                                 formation and investment.
East Asia and Pacific Indonesia            SME Banking           Addressing the needs of Indonesian SMEs that are too small for             $     2,500
                                                                 corporate lending and too large for microfinance, the project assists a
                                                                 small number of strategically placed banks to enter more fully and
                                                                 deeply into the SME banking market. The objective is to broaden the
                                                                 market by helping banks build a business model that extends their
                                                                 reach and allows them to serve the entire SME segment more
                                                                 profitably, and to identify IFC investment opportunities.
East Asia and Pacific Indonesia            Business Registration The project provides advisory services to support an initiative of the     $       400
                                                                 government of Indonesia. The objective is to establish subnational one-
                                                                 stop shops as the primary contact for license issuance and business
                                                                 registration.
East Asia and Pacific Indonesia            Investment Law        The project provides assistance to Indonesia’s Minister of Trade and       $       127
                                           Implementation        her investment advisory team. The objective is to finalize a plan to
                                           Support               implement regulations for the new investment law and relevant
                                                                 administrative procedures, and to establish a strategic framework for
                                                                 investor problem solving.
East Asia and Pacific Indonesia            Investment Promotion The project provides workshops, roundtables, and direct advisory            $       158
                                                                 services to the government of Indonesia to support development of
                                                                 effective subnational investment-promotion intermediaries. The
                                                                 objective is to upgrade the country's investment-promotion capability in
                                                                 a decentralized economy by increasing intermediaries’ capacity to
                                                                 attract, interact with, and retain investors as a means to support local
                                                                 economic growth and development.




                                                                       Page 5 of 63
                                      IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
      Region                Country             Project                                  Project Description                                    Funding
                                                                                                                                            (US$ Thousands)
East Asia and Pacific Indonesia          Aceh Investment       The carry-over project helps develop more effective investment-             $              137
                                         Promotion             promotion capacity in the Indonesian province of Nanggroe Aceh
                                                               Darussalam (particularly in the capital city of Banda Aceh), and
                                                               provides assistance in designing and setting up an investment outreach
                                                               office. The objective is to create capacity and capability to attract,
                                                               interact with, and retain investors to support economic recovery post-
                                                               tsunami, and to foster local economic growth and development over the
                                                               longer term.
East Asia and Pacific Indonesia          Sustainable Forestry The project conducts market research (based on sector dynamics and           $              50
                                                               potential investment opportunities for financial institutions along the
                                                               timber supply chain) to determine whether IFC financing is needed for
                                                               SMEs in the sustainable timber industry in Indonesia. The objective is
                                                               to stimulate the growth of SMEs in the industry by increasing their
                                                               access to finance, and to help a local financial institution launch a new
                                                               sustainability business line.
East Asia and Pacific Indonesia          Portfolio Approach to The project develops a framework to provide tools (such as template         $             217
                                         Distributed           agreements and contracts, performance standards for equipment, and
                                         Generation            financing opportunities) to encourage various parties in Indonesia
                                         Opportunities         (manufacturers, developers, operating companies, banks, rural
                                                               communities) to enter the energy market while maintaining quality of
                                                               service provided and lowering transaction costs. The objective is to
                                                               improve access to cleaner and more reliable sources of energy for
                                                               underserved populations; and potentially to replicate the framework in
                                                               other countries or regions.
East Asia and Pacific Indonesia          World Hotel Link      The project provides support for Aceh’s economic rehabilitation. The        $              44
                                                               objective is to offer an alternative livelihood for Acehnese living near
                                                               tourism destinations, and to provide incentives for them to protect their
                                                               diverse environment.
East Asia and Pacific Indonesia          Alternative           The project introduces seaweed culture and market linkages to fishery-      $             321
                                         Livelihoods           dependent villages (on the offshore islands of Aceh and North Sumatra,
                                                               including Nias) as a sustainable alternative livelihood to fisheries. The
                                                               objective is to increase village incomes, improve full gender
                                                               participation, and ensure long-term sustainability, through best practice
                                                               and linkages throughout the value chain; and also to establish a new
                                                               production source for the rapidly expanding world market for seaweed.




                                                                     Page 6 of 63
                                         IFC Advisory Services Projects Approved During FY07
                                                                                                                                                    Total Estimated
       Region                Country               Project                                   Project Description                                       Funding
                                                                                                                                                   (US$ Thousands)
East Asia and Pacific Indonesia             Shrimp Producer       The project for improved shrimp production in Indonesia begins with a           $              979
                                            Livelihoods Program   pilot in Aceh. The objectives are 1) to demonstrate an improved
                                                                  approach to shrimp production and market linkages, disseminated
                                                                  through government and other suitable partners; and 2) to achieve
                                                                  better practices, certification, and stronger links throughout the value
                                                                  chain, thereby increasing farmer incomes and ensuring long-term
                                                                  sustainability.
East Asia and Pacific Marshall Islands      Sustainable Energy    The project provides a package of incentives to encourage local                 $             437
                                            Financing             financial institutions in the Marshall Islands to participate in sustainable-
                                                                  energy finance in support of equipment purchases. The objective is to
                                                                  effect a significant increase in the adoption and use of renewable-
                                                                  energy technologies.
East Asia and Pacific Mongolia              Private Sector        The project provides advisory services in support of the preliminary gas-       $             185
                                            Opportunities         sector study in Mongolia. The objective is to evaluate opportunities and
                                                                  challenges for private investment and participation in developing and
                                                                  diversifying the country’s energy market, including oil, natural gas,
                                                                  condensates, liquefied petroleum gas, liquefied natural gas, coal-bed
                                                                  methane gas, and coal-to-liquid opportunities.
East Asia and Pacific Papua New Guinea      Business Regulation   The project assists the government of Papua New Guinea in identifying           $             246
                                                                  drivers of informality and barriers to business formalization, and in
                                                                  developing sound policy to address the informal economy. The
                                                                  objective is to help improve employment and incomes through the
                                                                  growth of the formal economy.
East Asia and Pacific Papua New Guinea      Business Skills       The project equips women in Papua New Guinea with the skills required           $              73
                                            Development           to process, preserve, and market fish and other seafood. The objective
                                                                  is to increase women’s participation in the country’s seafood industry,
                                                                  thereby contributing to improvement in their livelihoods.

East Asia and Pacific Papua New Guinea      Tourism Project       The project equips local entrepreneurs, government advisers, and         $                    169
                                            Development           finance industry representatives in Papua New Guinea with knowledge
                                            Workshops             and practical skills regarding the tourism industry. The objective is to
                                                                  enable them to prepare, advise on, or evaluate viable tourism projects
                                                                  for the country; and to ensure that business owners and investors are
                                                                  well prepared to establish and manage a sustainable tourism operation.

East Asia and Pacific Philippines           Philippine Central    The project assists the Philippine Central Bank in 1) creating a Credit     $                 170
                                            Bank                  Information Corporation, 2) developing credit bureau options, and 3)
                                                                  designing and implementing rules and regulations to clarify the
                                                                  application of the Credit Information Systems Law and to govern
                                                                  membership. The objective is to greatly increase the volume and
                                                                  completeness of credit information available to help financial institutions
                                                                  improve the management of their credit risk.
                                                                        Page 7 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
       Region                Country             Project                                  Project Description                                   Funding
                                                                                                                                            (US$ Thousands)
East Asia and Pacific Philippines         SME Banking           Addressing the needs of Filipino SMEs that are too small for corporate     $            2,550
                                          Initiative            lending and too large for microfinance, the project provides assistance
                                                                to a small number of strategically placed SME finance
                                                                champions—commercial banks interested in downscaling, and rural (or
                                                                thrift) banks ready to upscale. The objective is to increase access to
                                                                financial services for Filipino SMEs, and to identify IFC investment
                                                                opportunities.
East Asia and Pacific Philippines         Subnational Technical The project provides advisory services to subnational entities in the     $              150
                                          Assistance Program Philippines. The objective are 1) to help these subnational entities
                                                                improve their creditworthiness, prepare viable projects, and access
                                                                commercial financing sources to fund their investments in essential
                                                                infrastructure, and 2) to support financial-management and corporate-
                                                                governance capacity building for state-owned enterprises and regional
                                                                and local governments.
East Asia and Pacific Philippines         Investment Promotion The project assists the government of the Philippines (Department of       $              390
                                          Policies              Finance) with the reform of investment incentives and the development
                                                                of policies for investment promotion. The objective is a strengthening of
                                                                investment-promotion institutional structures, resulting in revised
                                                                legislation and national policies, and a more attractive strategic
                                                                approach to investment promotion.
East Asia and Pacific Philippines         Doing Business        The project establishes a business-environment measurement-and-           $              687
                                                                monitoring tool that will use four Doing Business indicators to
                                                                benchmark the performance of 20 Philippine cities, compare them
                                                                nationally and internationally, evaluate them, and monitor their progress
                                                                and outcomes. The objective is improved business entry and operation,
                                                                with a less costly and more streamlined, transparent, predictable,
                                                                accountable, and service-oriented regime governing regulatory
                                                                procedures for doing business in the Philippines.

East Asia and Pacific Philippines         Board of Investment   The projects helps the Philippines Board of Investment design and           $             25
                                          Aftercare Program     implement a strategic investor aftercare program. The objective is to
                                                                build long-term relationships with strategically important existing foreign
                                                                investors identified as having further growth potential or as being at risk
                                                                of contraction or disinvestment.




                                                                      Page 8 of 63
                                        IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
       Region                 Country             Project                                   Project Description                                 Funding
                                                                                                                                            (US$ Thousands)
East Asia and Pacific Philippines          Portfolio Approach to   The project develops a framework to provide tools (such as template     $              217
                                           Distributed             agreements and contracts, performance standards for equipment, and
                                           Generation              financing opportunities) to encourage various parties in the Philippines
                                           Opportunities           (manufacturers, developers, operating companies, banks, rural
                                                                   communities) to enter the energy market while maintaining quality of
                                                                   service provided and lowering transaction costs. The objective is to
                                                                   improve access to cleaner and more reliable sources of energy for
                                                                   underserved populations; and potentially to replicate the framework in
                                                                   other countries or regions.
East Asia and Pacific Samoa                Tourism Investment      The project builds technical knowledge regarding specialized tourism     $            150
                                           Seminar                 investments among key personnel in Samoa's private and public sector,
                                                                   including private investors and senior representatives from financial
                                                                   institutions and relevant government agencies. The objective is to
                                                                   improve access to finance in the country’s tourism sector.

East Asia and Pacific Solomon Islands      Employment            Following up on recommendations of a Foreign Investment Advisory          $              83
                                           Legislation           Service study on administrative barriers, the project assists the
                                                                 Solomon Islands with long-term legislative reforms. The objectives are
                                                                 1) to develop a policy statement on the employment and residency of
                                                                 foreign workers, and 2) to draft legislative guidelines reflecting the
                                                                 policy statement.
East Asia and Pacific Thailand             Portfolio Approach to The project develops a framework to provide tools (such as template       $             217
                                           Distributed           agreements and contracts, performance standards for equipment, and
                                           Generation            financing opportunities) to encourage various parties in Thailand
                                           Opportunities         (manufacturers, developers, operating companies, banks, rural
                                                                 communities) to enter the energy market while maintaining quality of
                                                                 service provided and lowering transaction costs. The objective is to
                                                                 improve access to cleaner and more reliable sources of energy for
                                                                 underserved populations; and potentially to replicate the framework in
                                                                 other countries or regions.
East Asia and Pacific Tonga                Regulatory Reform     Building on an earlier initiative, the project continues to assist the    $             337
                                                                 government of Tonga to 1) identify and remove regulatory and
                                                                 administrative obstacles to doing business, 2) facilitate reform actions
                                                                 for individual ministries and agencies, and 3) inform the Minister of
                                                                 Finance on broader private sector development issues. The objective is
                                                                 to promote private sector activity, investment, and job creation in Tonga
                                                                 through the implementation of regulatory and administrative reform.




                                                                        Page 9 of 63
                                        IFC Advisory Services Projects Approved During FY07
                                                                                                                                                 Total Estimated
      Region                  Country             Project                                   Project Description                                     Funding
                                                                                                                                                (US$ Thousands)
East Asia and Pacific Vanuatu              Sustainable Energy    The project provides a package of incentives to encourage local               $              437
                                           Financing             financial institutions in Vanuatu to participate in sustainable-energy
                                                                 finance in support of equipment purchases. The objective is to effect a
                                                                 significant increase in the adoption and use of renewable-energy
                                                                 technologies.
East Asia and Pacific Vietnam              Capital Market        The project provides support to the Vietnamese government for its           $                82
                                           Development           newly established State Capital Investment Corporation (responsible for
                                                                 managing state assets in equitized and state-owned enterprises),
                                                                 including redefining its strategy, charter, and business plan. The
                                                                 objective is to accelerate the equitization and privatization program,
                                                                 contribute to the development of the emerging capital market, and
                                                                 increase private sector participation in economic sectors that are
                                                                 restricted or monopolized.
East Asia and Pacific Vietnam              Bank Advisory Project Part of a broader regional initiative, the project works with partner banks $             3,580
                                                                 in Vietnam to introduce new financial products, services, and
                                                                 distribution channels, and to improve the existing ones. The objective is
                                                                 to make a broader range of financial services more accessible and
                                                                 affordable to the private sector, particularly SMEs.
East Asia and Pacific Vietnam              Sustainable Wood      The project supports sustainable development of the wood-processing $                       368
                                           Processing            cluster in Binh Dinh Province and two IFC investees, primarily through
                                                                 developing the certified chain of custody to suit international buyers.
                                                                 The objectives are 1) to improve the cluster of SMEs’ compliance with
                                                                 environmental standards; 2) to reduce the consumption of wood; 3) to
                                                                 improve corporate social responsibility standards; and 4) to provide a
                                                                 demonstration effect across Vietnam’s large wood-processing sector
                                                                 and possibly in other countries.

Latin America &      Argentina             Tourism Sector Study The project assesses the tourism sector in the region of Gualeguaychu, $                     101
Caribbean                                                       Argentina, and Fray Bentos, Uruguay. The objective is to identify
                                                                potential short-, medium-, and long-term advisory services activities to
                                                                support the strengthening of the sector in both areas.

Latin America &      Brazil                Housing Finance        The project predesigns a housing finance advisory services program in        $             125
Caribbean                                  Assessment             Brazil, by 1) assessing the housing finance market context, and 2)
                                                                  identifying a group of financial institutions (including commercial banks,
                                                                  specialized mortgage companies, and other nonbank financial
                                                                  institutions) as potential targets of investment and advisory services.
                                                                  The objective is for these institutions to extend their mortgage finance
                                                                  outreach and increase the supply of affordable housing finance to low-
                                                                  and middle-income segments.



                                                                       Page 10 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                                Total Estimated
      Region               Country             Project                                    Project Description                                      Funding
                                                                                                                                               (US$ Thousands)
Latin America &   Brazil                Business Enabling    The project works with cities in Northeast Brazil, providing tools and           $            1,788
Caribbean                               Environment          motivation for reform (shortening and simplifying administrative
                                                             processes, encouraging competition among municipalities, and helping
                                                             a pilot state develop regulatory governance tools such as a licensing
                                                             registry). The objective is to stimulate investment and to reduce
                                                             informality by increasing business registration in participating
                                                             municipalities.
Latin America &   Brazil                BOVESPA              The project rewards companies in Brazil that deliver solid economic              $             120
Caribbean                               Sustainability Index returns while incorporating environmental, social, and governance
                                                             concerns into their operations; and supports the sustainability index of
                                                             the São Paulo Stock Exchange. The objective is bring sustainability to
                                                             the attention of the corporate world in Brazil as a strategic issue, and to
                                                             stimulate socially responsible investment.
Latin America &   Brazil                Public-Private       The project supports prefeasibility, technical, economic, environmental,         $           3,900
Caribbean                               Partnership Facility and legal studies for the development and implementation of long-term
                                                             contractual relationships between government and private parties in
                                                             Brazil. The objective is to identify projects (with significant public policy,
                                                             political, or consumer-access and -pricing elements) to undertake in
                                                             frontier sectors.
Latin America &   Brazil                Business             The project works with a pilot group of 50 SMEs involved in the plastic          $           1,600
Caribbean                               Competitiveness      sector in the Sao Paulo Greater ABC region of Brazil, improving
                                        Training             competitiveness of individual firms, supporting entrepreneurial
                                                             corrective action and innovation, providing access to market
                                                             information, and enhancing the cohesiveness of firms. The objective is
                                                             to increase sales, productivity, and employment in this third-generation
                                                             plastic sector.
Latin America &   Caribbean Region      Republic Bank        The project provides assistance to Republic Bank, assessing the                  $             153
Caribbean                                                    market for micro- and small-enterprise finance in the Caribbean to
                                                             determine the feasibility of the bank’s broadening its financial products.
                                                             The objective is a business plan for downscaling the bank to meet the
                                                             micro- and small-business finance needs of the region.
Latin America &   Central America       Central America      A follow-on to earlier advisory services in the region, the project works        $              58
Caribbean         Region                Tourism and Hotel    with Guatemala, Honduras, Nicaragua, El Salvador, and Panama on
                                        Investment Exchange tourism outreach. The objective is to prepare these countries to develop
                                                             portfolios of tourism projects to be presented to prospective investors at
                                                             a 2008 investment summit (the Central America Tourism and Hotel
                                                             Investment Exchange).




                                                                     Page 11 of 63
                                    IFC Advisory Services Projects Approved During FY07
                                                                                                                                              Total Estimated
      Region              Country             Project                                    Project Description                                     Funding
                                                                                                                                             (US$ Thousands)
Latin America &   Chile                Hidromaule S.A.      The project supports the efforts of Hidromaule S.A., a start-up                 $              605
Caribbean                                                   hydropower-generation company, to implement its first project (a 20-
                                                            megawatt run-of-river hydropower plant located on the Lircay river in
                                                            the VII region of Chile), demonstrating the bankability of small
                                                            renewable-energy hydropower projects structured on a project-finance
                                                            basis. The objective is to help Chile 1) achieve energy independence
                                                            through renewable-energy generation, 2) lower the cost of electricity
                                                            and therefore help support a lower cost structure for industries, and 3)
                                                            reduce greenhouse-gas emissions.
Latin America &   Colombia             Doing Business       The project works at the subnational level in Colombia by creating              $             200
Caribbean                                                   competition to improve Doing Business indicators, motivating reformers,
                                                            measuring progress over time through benchmarking, and ensuring
                                                            sustainability. The objective is to lower administrative barriers at the
                                                            subnational level, and to reduce the transaction costs required to open
                                                            a business, register property, enforce contracts, pay taxes, and trade
                                                            across borders.
Latin America &   Colombia             Power Market Study The project identifies investment opportunities in Colombia, where                $              71
Caribbean                                                   electricity consumption lags behind comparable Latin American
                                                            economies, and where growth in demand is outpacing investment in
                                                            power generation (a supply gap is expected within three years). The
                                                            objective is to develop a comprehensive understanding of the country’s
                                                            power sector market and of its regulatory framework.
Latin America &   Colombia             Investment Promotion The project follows an earlier advisory services program in Colombia.           $              58
Caribbean                              Program              The objective is to set up a subnational promotion agency (Invest in
                                                            Bogota), and to develop its institutional capacity to attract export-
                                                            oriented foreign direct investment to the region that includes Bogota
                                                            and Cundinamarca.
Latin America &   Colombia             Petrotesting         The project supports Petrotesting, a local Colombian oil and gas                $              70
Caribbean                                                   company, in establishing environmental and social best practice, and
                                                            assists the company in writing and publishing its first sustainability and
                                                            corporate social responsibility report. The objective is to have a
                                                            demonstration impact on industry peers in the country.

Latin America &   Colombia             Oil Royalty            The project helps selected local governments incorporate management           $             300
Caribbean                              Management             tools and upgrade their internal organization to improve the municipal
                                                              performance of oil royalties in Colombia. The objective is a more
                                                              efficient allocation and leverage of oil royalties in those areas where oil
                                                              companies operate, thereby benefiting the local communities.




                                                                   Page 12 of 63
                                   IFC Advisory Services Projects Approved During FY07
                                                                                                                                         Total Estimated
      Region            Country                Project                                  Project Description                                 Funding
                                                                                                                                        (US$ Thousands)
Latin America &   Colombia              Public-Private         The project acts as transaction adviser to the Colombian government.    $            1,370
Caribbean                               Partnership            The objective is to assist in structuring and implementing a public-
                                                               private partnership project for the concession of ―Ruta del Sol,‖ the
                                                               country’s largest infrastructure project.
Latin America &   Ecuador               Municipal Licensing    The project works with the municipalities of Quito and Guayaquil in      $            299
Caribbean                               Simplification         Ecuador to reduce transaction costs of formality by decreasing the cost,
                                                               time, and number of requirements necessary for firms to obtain a
                                                               municipal operating license or construction permit. The objective is an
                                                               increase in the formalization of businesses in these municipalities.

Latin America &   Honduras              National Plan for      The project assists Honduras in extending to five new municipalities the $            460
Caribbean                               Municipal              reforms already in place for obtaining a municipal operating license,
                                        Simplification         and complementing these efforts through simplification reforms for
                                                               construction permits. The objective is to reinforce and strengthen the
                                                               country’s administrative simplification reforms, thereby increasing the
                                                               formalization of businesses in all participating municipalities.

Latin America &   Honduras             Investment Promotion The project is a follow-on to a previous advisory services program in      $              46
Caribbean                                                   Honduras. The objectives are 1) to generate foreign direct investment in
                                                            two priority sectors via proactive investment-promotion campaigns; 2) to
                                                            guide the execution of an image-building campaign to increase
                                                            awareness of Honduras as an investment destination; and 3) to
                                                            participate in the design of a linkage program between local SMEs and
                                                            foreign investors.
Latin America &   Latin America Region Subnational          The project provides advisory services to subnational entities in the      $             300
Caribbean                              Infrastructure       Latin America region. The objective is for these entities to improve their
                                                            creditworthiness, prepare viable projects, and access commercial
                                                            financing sources to fund their investments in essential infrastructure.

Latin America &   Latin America Region Energy Efficiency       The project supports the decentralization strategy for the Financial     $            400
Caribbean                                                      Markets Energy Efficiency business line—developing a strategy;
                                                               defining sectors of focus and products, depending on market conditions
                                                               in each region; leveraging existing client relationships; and building a
                                                               program with partner banks in the housing and SME sectors. The
                                                               objective is to replicate successful models and scale up activities
                                                               significantly, and to develop innovative structures to enable IFC to
                                                               move into riskier product segments.




                                                                    Page 13 of 63
                                   IFC Advisory Services Projects Approved During FY07
                                                                                                                                       Total Estimated
      Region            Country                Project                                  Project Description                               Funding
                                                                                                                                      (US$ Thousands)
Latin America &   Latin America Region Global Trade Finance The project is a Latin American roll-out of the IFC Global Trade Finance $               40
Caribbean                              Program              Program (which strengthens institutional capacity for trade finance
                                                            operations in frontier market banks in Africa, the Middle East, Asia, and
                                                            Latin America) through a training session in Mexico; it provides training
                                                            in documentary credit operations to selected banks, helping locally
                                                            owned institutions improve their skills and techniques in trade finance.
                                                            The objective is for participating banks to increase significantly their
                                                            international and intra-regional import and export transactions.

Latin America &   Latin America Region Municipal Scorecard    Complementing and supporting IFC municipal simplification projects in       $        772
Caribbean                                                     Latin America, the project helps at least 50 municipalities launch and
                                                              sustain reforms to simplify procedures for obtaining a business
                                                              operating license and a construction permit, and to facilitate tax
                                                              payment (with at least 80 new municipalities agreeing to participate in
                                                              2009). The objective is for municipalities to implement and sustain
                                                              reforms to simplify key bureaucratic procedures, thereby improving the
                                                              business climate for the private sector, increasing new business
                                                              registration, and reducing the high levels of informality.

Latin America &   Latin America Region Corporate              The project works with companies in the Latin America region. The           $        175
Caribbean                              Governance             objective is to raise the standards and practices of corporate
                                       Companies Circle       governance, and to provide real information, enterprise-to-enterprise,
                                                              about costs, challenges, and implementation of corporate governance
                                                              at the enterprise level.
Latin America &   Mexico                Compartamos           The project provides assistance to Compartamos in its efforts to help       $        182
Caribbean                                                     with posthurricane rebuilding in Mexico. The objective is to build the
                                                              Development Center within the Mano Amiga Community Outreach and
                                                              Development Center program in Tapachula, Chiapas.
Latin America &   Mexico                Mortgage Market       The project assists second-tier sofoles (regulated nonbank financial        $      1,100
Caribbean                               Initiative            institutions specializing in housing finance) in enhancing their
                                                              operational capacities and accessing sources of funding other than
                                                              Sociedad Hipotecaria Federal. The objective is for these sofoles to
                                                              participate in the growing Mexican secondary mortgage market,
                                                              increasing their mortgage origination levels while keeping
                                                              nonperforming mortgages low through stronger credit risk and
                                                              standardized mortgage origination processes.
Latin America &   Mexico                Nacional Financiera   The project is a pilot that works with five preselected nonbank financial   $      1,580
Caribbean                                                     institutions serving frontier regions in Mexico. The objectives are 1) to
                                                              enhance SME finance processes and generate additional funding
                                                              sources; 2) to generate growth of participating institutions; and 3) to
                                                              determine the viability of further IFC involvement in the nonbank
                                                              financial institution sector.
                                                                   Page 14 of 63
                                   IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region             Country                Project                                Project Description                                    Funding
                                                                                                                                          (US$ Thousands)
Latin America &   Mexico              Business Regulation   The project assists the state of Guerrero, Mexico, in reducing the time      $              400
Caribbean                             Simplification        and requirements necessary to complete administrative processes for
                                                            formality at the municipal level of government in five municipalities. The
                                                            objective is to increase the number of new business registrations,
                                                            business construction licenses, and business closing permits by
                                                            reducing transaction costs of formality for firms.

Latin America &   Mexico              Petstar               The project researches Mexico's plastic-recycling supply chain, with a       $              25
Caribbean                                                   focus on selected communities supplying IFC’s potential investee
                                                            Petstar. The objective is to provide IFC with an independent evaluation
                                                            and recommendations for the improvement of social, labor, health, and
                                                            safety issues surrounding plastic-waste collection.

Latin America &   Mexico              Private Sector        The project analyzes recent Mexican road-concession experiences              $             230
Caribbean                             Participation         (particularly public sector incentives and risk-allocation structures) and
                                                            provides recommendations for improving the current concession
                                                            scheme. The objective is to help Secretaria de Hacienda y Credito
                                                            Publico and Secretaria de Comunicaciones y Transportes to improve
                                                            the effectiveness of public sector efforts to mobilize private sector
                                                            participation for the country’s ongoing road-concession program.

Latin America &   Nicaragua           Global Trade Finance The project is a three-day seminar in Nicaragua, providing training in   $                   33
Caribbean                             Program              documentary credit operations to strengthen institutional capacity
                                                           (skills, techniques, and best practices) for trade finance operations in
                                                           locally owned financial institutions in 14 Latin American countries. The
                                                           objective is for these institutions to increase significantly their
                                                           involvement in international and intra-regional import and export
                                                           transactions.
Latin America &   Panama              Banco Delta          The project involves a feasibility study for Banco Delta S.A. in Panama. $                   21
Caribbean                                                  The objective is to determine whether and how the bank can downscale
                                                           successfully, transforming itself into a microfinance bank.

Latin America &   Peru                BBVA Banco            The project works with BBVA Banco Continental S.A. in Peru to create $                   1,065
Caribbean                             Continental S.A.      a viable and sustainable line of credit for projects related to energy
                                                            efficiency and, if possible, to sustainable forestry. The objectives are 1)
                                                            to institutionalize a business line to meet the needs of the energy-
                                                            efficiency and sustainable-forestry markets and replicate this type of
                                                            credit in other financial institutions in Peru and elsewhere; 2) to promote
                                                            sustainable private sector investment; and 3) to contribute to
                                                            environmental protection through reduced greenhouse-gas emissions
                                                            and biodiversity conservation.


                                                                 Page 15 of 63
                                      IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region                Country               Project                                 Project Description                                 Funding
                                                                                                                                          (US$ Thousands)
Latin America &      Peru                  Mining Canon Impact The project works with selected municipalities in Peru to encourage civil $              723
Caribbean                                                      society organizations to undertake a systematic monitoring of mining
                                                               canon flows and municipal investment (increasing popular
                                                               understanding of the mining canon as a contributor to municipal
                                                               investments). The objective is to increase the social accountability of
                                                               municipal governments by enhancing their responsiveness to local
                                                               population demands to improve the quality and sustainability of
                                                               municipal investment financed with the mining canon generated by
                                                               mining operations.
Latin America &      Peru                  National Project on The project helps local governments in 15 localities in Peru to build     $            1,350
Caribbean                                  Mining Canon        institutional capacity to transform mining-sector royalties into public
                                                               investment, to increase volumes, improve allocation, and develop
                                                               sound fiscal reporting practices. The objective is to improve local
                                                               government effectiveness in managing mining revenues; to inform the
                                                               public of the royalty-related opportunities and challenges for local
                                                               development; and to promote public-private partnerships leading to in-
                                                               depth advisory services projects to build and strengthen capacity at the
                                                               local level.
Latin America &      Trinidad and Tobago   First Citizens Bank The project provides advisory services to First Citizens Bank in Trinidad $               85
Caribbean                                                      and Tobago, conducting a diagnostic of SME banking and an SME
                                                               banking market assessment to identify existing opportunities for
                                                               reaching an underserved market segment. The objective is for the
                                                               Facility to propose a specific Advisory Services plan for the bank in a
                                                               later stage.
Middle East and North Afghanistan          Housing Finance     The project collaborates with the International Development Association $                 99
Africa                                     Study               in providing housing-policy recommendations to the government of
                                                               Afghanistan, and in identifying opportunities for IFC and other
                                                               stakeholders to stimulate, support, and expand housing microfinance in
                                                               Afghanistan. The objective is to develop the housing finance and
                                                               microfinance sector, and to address the immediate housing needs of
                                                               low-income residents.
Middle East and North Afghanistan          Access to Finance   The project assists in the development of the leasing sector in           $              250
Africa                                                         Afghanistan through creation of enabling legislation, raising of
                                                               awareness, and building of capacity of select financial institutions. The
                                                               objective is to improve access to finance for the country’s MSMEs.




                                                                      Page 16 of 63
                                        IFC Advisory Services Projects Approved During FY07
                                                                                                                                               Total Estimated
       Region                 Country             Project                                  Project Description                                    Funding
                                                                                                                                              (US$ Thousands)
Middle East and North Afghanistan          First Microfinance    The project conducts an assessment and presents a strategy for First        $               50
Africa                                     Bank of Afghanistan   Micro-Finance Bank of Afghanistan (FMFB) to increase the
                                                                 representation of women in their portfolio, as part of a broader product
                                                                 diversification strategy. The objective is that FMFB would adopt some,
                                                                 or all of this strategy, and with the support of IFC, consequently
                                                                 increase the range of financial services and products, as well as their
                                                                 availability for women in Afghanistan.
Middle East and North Afghanistan          Horticulture Export   Building on the results of a pilot, the project enhances the performance $                397
Africa                                     Development           of a group of SMEs in the green raisin and pomegranate cluster in
                                                                 Afghanistan. The objective is improved product quality and productivity
                                                                 of green raisin production, better quality control, and (potentially)
                                                                 establishment of strong links between the local pomegranate and green
                                                                 raisin industry and IFC clients or international anchor companies.

Middle East and North Algeria              Business Enabling     The project supports the newly established government of Algeria in         $             335
Africa                                     Environment           reforming business procedures, specifically simplifying regulatory and
                                                                 administrative processes for starting a business. The objectives are to
                                                                 improve the country’s investment climate and attractiveness to
                                                                 investors, to make it easier to start a business, and to foster growth of
                                                                 the country's private sector.
Middle East and North Algeria              Confédération des     The project leverages the success of a pilot project assisting Club des     $              41
Africa                                     Entrepreneurs         Entrepreneurs et Industriels de la Mitidja (a leading Algerian business
                                           Industriels de la     association with a membership of about 680 SMEs) in introducing fee-
                                           Matidja               based training services for member companies. The objective of the
                                                                 new phase is to finalize the association’s transformation into a
                                                                 professional and sustainable broker of training services.

Middle East and North Egypt                Islamic Banking       The first step in a longer-term involvement, the project seeks ways for    $              200
Africa                                     Survey                IFC to add value in the growing field of Islamic banking. The objective is
                                                                 to help define the investment, advisory, and policy-reform needs of this
                                                                 sector, ultimately improving access to finance for entrepreneurs who
                                                                 would not receive funding in the absence of sharia-compliant products.




                                                                      Page 17 of 63
                                        IFC Advisory Services Projects Approved During FY07
                                                                                                                                              Total Estimated
      Region                  Country             Project                                  Project Description                                   Funding
                                                                                                                                             (US$ Thousands)
Middle East and North Egypt                Egyptian Mortgage     The project helps the Egyptian Mortgage Refinance Company build the        $              150
Africa                                     Refinance Company     operational capacity and internal systems needed to commence and
                                                                 sustain operations, including 1) providing long-term funding to primary
                                                                 mortgage lenders for on-lending to consumers, 2) refinancing or
                                                                 purchasing loan portfolios of primary mortgage lenders, and 3) issuing
                                                                 mortgage bonds and securities to raise funding from capital markets.
                                                                 The objective is the development of the primary and secondary
                                                                 mortgage markets in Egypt, resulting in increased home ownership
                                                                 through greater access to affordable housing finance.

Middle East and North Egypt                Mining Policy Reform The project works closely with Egypt’s Ministry of Petroleum and the        $             366
Africa                                                          Egyptian Mineral Resource Authority to help develop the country's
                                                                mining industry through targeted support in the area of policy reform.
                                                                The objective is to strengthen Egypt’s existing policy framework for the
                                                                private mining industry, and to attract new private investments in high-
                                                                value minerals.
Middle East and North Egypt                Doing Business       The project works at the subnational level in Egypt by creating             $             208
Africa                                                          competition to improve Doing Business indicators, motivating reformers,
                                                                measuring progress over time through benchmarking, and ensuring
                                                                sustainability. The objective is to lower administrative barriers at the
                                                                subnational level, and to reduce the transaction costs required to open
                                                                a business, register property, enforce contracts, pay taxes, and trade
                                                                across borders.
Middle East and North Egypt                Alexandria Business The project strengthens the Alexandria Business Association to               $              70
Africa                                     Association          become the private sector champion for implementation and monitoring
                                                                of business registration reforms in Egypt. The objective is to increase
                                                                private sector growth through a more favorable business environment,
                                                                and to reduce the cost of doing business.
Middle East and North Egypt                Public-Private       The project provides transaction advisory services to the government of     $             500
Africa                                     Partnerships         Egypt. The objective is to establish public-private partnerships in the
                                                                concessioning of a potable water treatment plant for the New Cairo
                                                                Water Supply Project.
Middle East and North Egypt                Public-Private       The project works with public-private partnerships in Egypt. The            $             970
Africa                                     Partnerships         objective is to expand the availability and quality of public school
                                                                facilities through public-private partnerships for private sector design,
                                                                construction, capital financing, and maintenance of new primary and
                                                                secondary schools.
Middle East and North Egypt                Public-Private       The project provides transaction advisory services to the Ministry of       $           1,501
Africa                                     Partnerships         Finance of the government of Egypt. The objective is to establish a
                                                                public-private partnership in the concessioning of a waste-water
                                                                treatment plant for the New Cairo urban development project.


                                                                      Page 18 of 63
                                         IFC Advisory Services Projects Approved During FY07
                                                                                                                                              Total Estimated
       Region                  Country             Project                                  Project Description                                  Funding
                                                                                                                                             (US$ Thousands)
Middle East and North Egypt                 Public-Private        The project supports a public-private partnership conference hosted by    $               50
Africa                                      Partnerships          the government of Egypt. The objective is to raise awareness of public-
                                                                  private partnerships in the region, and to promote the services provided
                                                                  by the Private Enterprise Partnership for the Middle East and North
                                                                  Africa.
Middle East and North Egypt                 Public-Private        The project provides assistance to the government of Egypt. The            $          1,200
Africa                                      Partnerships          objective is to use public-private partnerships for the construction (or
                                                                  renovation), capital financing, and facility maintenance of up to 10 major
                                                                  hospitals; and for the public-private partnership operator to provide
                                                                  nonclinical services.
Middle East and North Egypt                 Alexandria University The project helps Alexandria University (under Egypt’s Ministry of         $            965
Africa                                      Hospitals             Higher Education) modernize two of its important public hospitals. The
                                                                  objective is to expand and improve hospital care for the residents of
                                                                  Alexandria.
Middle East and North Egypt                 Business Edge Egypt The project provides access to tailored management training for 10,000 $                  345
Africa                                                            Egyptian SME owners and managers. The objective is to strengthen
                                                                  SME performance through improved operational and business
                                                                  management skills; and also to enhance the capacity of local training
                                                                  firms to deliver commercially viable SME management training, and to
                                                                  increase demand for management training among Egyptian companies.

Middle East and North Iraq                  Housing Construction The project assesses the feasibility of a joint engagement between IFC $                 100
Africa                                      Assistance           and UN HABITAT in the housing finance and construction sector in Iraq.
                                                                 The objective is to evaluate land use and availability, increase access
                                                                 to housing finance, provide firm-level assistance and capacity building,
                                                                 and streamline related regulatory procedures.
Middle East and North Iraq                  Iraqi-American       The one-year project provides the Iraqi American Chamber of                 $             81
Africa                                      Chamber of           Commerce and Industry access to Business Edge SME management
                                            Commerce and         training, plus advisory services to build its capacity to provide training.
                                            Industry             The objective is to strengthen SME performance in Iraq through
                                                                 improved operational and strategic business management skills.

Middle East and North Jordan                Development and     The project assists the government of Jordan (Ministry of Planning and      $              45
Africa                                      Employment Fund     International Cooperation) in reviewing the strategy, activities, and
                                                                performance of the country’s development and employment fund. The
                                                                objective is to reorient government line agencies to operate on a
                                                                commercial basis.
Middle East and North Jordan                Microfund for Women The project provides advisory services to Microfund for Women, one of       $              40
Africa                                                          the largest microfinance institutions in Jordan, focused primarily on
                                                                women. The objective is for the institution to improve its product range
                                                                and strengthen its efficiency and risk management in preparation for its
                                                                transformation into a nonbank financial institution.
                                                                        Page 19 of 63
                                         IFC Advisory Services Projects Approved During FY07
                                                                                                                                                 Total Estimated
      Region                   Country             Project                                   Project Description                                    Funding
                                                                                                                                                (US$ Thousands)
Middle East and North Jordan                Working Conditions  The project designs a transparent, market-oriented, public-private             $              140
Africa                                      Reform              monitoring and reporting system to improve working conditions in the
                                                                apparel sector in the Jordanian qualified industrial zones. The objective
                                                                is to decrease the inspection burden, improve risk-management and
                                                                targeting of public inspections, improve conditions for workers, and
                                                                promote sustainable investment and export levels.
Middle East and North Jordan                Student Loan Market The project provides assistance to the Ministry of Education in Jordan. $                     79
Africa                                      Study               The objective is to develop a market-based student-loan program in the
                                                                form of a student financing facility for the country’s private and selected
                                                                public universities, which will work with partner banks to establish the
                                                                appropriate support systems and processes.
Middle East and North Jordan                Business Edge       The project is designed to build the capacity of training providers in      $                287
Africa                                      Jordan              Jordan to offer commercially viable SME management training, and to
                                                                increase acceptance of management training among Jordanian SMEs.
                                                                The objective is to improve access to management training for 2,000
                                                                SME managers and owners, thereby strengthening SME performance
                                                                through improved operational and strategic business management
                                                                skills.
Middle East and North Jordan                Microfund for Women The project assesses the needs of the Microfund for Women in Jordan. $                       156
Africa                                                          The objectives are 1) to recommend and develop new financial
                                                                products, services, and marketing strategies to build and strengthen the
                                                                microfund’s position as the lender of choice for Jordanian women; 2) to
                                                                improve its competitiveness, efficiency, and profitability as it moves
                                                                toward transformation into a commercial enterprise; and 3) to create a
                                                                pilot that can be replicated in other countries, especially within the
                                                                Middle East and North Africa Region.

Middle East and North Lebanon               Postconflict           The project is a postconflict roundtable for microfinance institutions in   $              35
Africa                                      Roundtable             Lebanon. The objective is to share international postconflict experience
                                                                   with Lebanese microfinance institutions and other sector participants.

Middle East and North Lebanon               Postconflict Financial As part of IFC's overall strategy to formulate an effective first response $              300
Africa                                      Markets Analysis       to the crisis in Lebanon, the project conducts market and sector studies
                                                                   in the postconflict Lebanese financial sector. The objective is to identify
                                                                   needs and develop Advisory Service projects in 1) the banking sector,
                                                                   focusing on SME development and microfinance; and 2) the housing
                                                                   finance sector, focusing on initiatives to deepen the primary mortgage
                                                                   market.




                                                                        Page 20 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region               Country                Project                             Project Description                                     Funding
                                                                                                                                          (US$ Thousands)
Middle East and North Lebanon           Kafalat             As part of IFC’s Lebanon Rebuild Program, the project helps Kafalat          $               40
Africa                                                      (Lebanese financial company that provides guarantees for SMEs to
                                                            access bank loans) to develop its outreach, by clarifying its medium-
                                                            term business prospects (and later delivering capacity-building
                                                            support). The objective is to facilitate access to finance for
                                                            entrepreneurs in Lebanon, a critical step in the country’s reconstruction.

Middle East and North Lebanon           Corporate           The project 1) builds the business case for good corporate governance        $             250
Africa                                  Governance          (CG) among banks and companies in Lebanon, thus improving their
                                                            access to capital at competitive rates, increasing their operational
                                                            efficiency, and building trust among stakeholders; 2) introduces CG
                                                            courses for directors; and 3) develops CG guidelines for banks. The
                                                            objective is to help create sustainable businesses in Lebanon.

Middle East and North MENA Region       Microfinance        The project supports the development of commercial microfinance in           $           2,294
Africa                                  Development         the Middle East and North Africa region through building institutional
                                                            capacity at the micro (institutional), meso (sector), and macro (policy)
                                                            levels; its approach is demand-driven and customized according to the
                                                            country context. The objective is to increase access to funding for
                                                            unbanked and underserved low-income entrepreneurs, to develop the
                                                            microfinance sector in the region, and to enhance investment
                                                            opportunities for IFC and others.
Middle East and North MENA Region       Subnational         The project provides advisory services to subnational entities in the        $             300
Africa                                  Infrastructure      Middle East and North Africa region. The objective is for these entities
                                                            to improve their creditworthiness, prepare viable projects, and access
                                                            commercial financing sources to fund their investments in essential
                                                            infrastructure.
Middle East and North MENA Region       Maritime and Port   The project investigates the port and maritime (shipping and ports)          $              50
Africa                                  Study               sector in the Middle East and North Africa region. The objective is to
                                                            provide IFC with an independent evaluation of potential private sector
                                                            opportunities in this sector.
Middle East and North MENA Region       Emirates National   The project performs a corporate governance assessment for the               $              59
Africa                                  Securitization      Emirates National Securitization Corporation. The objectives are 1) to
                                        Corporation         improve the company’s corporate governance policies and practices,
                                                            thus helping it to access outside capital (via the international debt
                                                            markets and an initial public offering), and 2) to improve the company’s
                                                            reputation in local and international markets.




                                                                 Page 21 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                              Total Estimated
      Region               Country             Project                                   Project Description                                     Funding
                                                                                                                                             (US$ Thousands)
Middle East and North MENA Region       Corporate             The project surveys corporate governance practices across a selection         $              313
Africa                                  Governance Survey     of Middle East and North African countries. The objectives are 1) to
                                                              raise awareness of the current state of corporate governance practices
                                                              across the region; and 2) to provide a road map for banks, companies,
                                                              and governments on how to reform their corporate governance policies
                                                              and practices, or (in the case of governments) legal and regulatory
                                                              frameworks.
Middle East and North Morocco           FONDEP                The project provides comprehensive advisory services to the                   $              32
Africa                                                        Foundation for Local Development and Partnership (FONDEP) to
                                                              strengthen its internal audit function in support of growth and
                                                              transformation. The objective is to reinforce the microfinance
                                                              institution’s internal controls systems to allow for sustainable growth,
                                                              and also to mitigate risks to IFC’s investment in FONDEP.
Middle East and North Morocco           Agribusiness Study    The project assesses the potential for an intervention to enhance the         $              95
Africa                                                        competitiveness of Morocco's agro export industry through removing
                                                              policy constraints, assisting individual firms on a pilot basis to build up
                                                              their quality standards, working with business associations in the
                                                              industry, and addressing access-to-financing constraints. The objective
                                                              is to improve the industry’s technical and quality standards and
                                                              processes to help maintain and increase its export shares.

Middle East and North Morocco           Office National de  The project provides advisory services to the Office National de          $                 1,000
Africa                                  l'Electricite       l'Electricite, Morocco's state-owned utility, for the development,
                                                            financing, construction, and operation of a 2x660-megawatt coal-fired
                                                            power plant located in Cap Ghir, in the southern part of the country. The
                                                            objective is to expand Morocco's electricity-production capacity to
                                                            address the country's growing energy needs; to set a benchmark for
                                                            future coal-fired independent power producers; and to diversify
                                                            Morocco’s fuel base, currently primarily gas-based.
Middle East and North Morocco           Public Private      The project assists the government of Morocco in identifying potential    $                   220
Africa                                  Partnership         opportunities for public-private partnership transactions. The objective
                                                            is to provide advisory services to help with implementation of the
                                                            identified transactions.
Middle East and North Morocco           Moroccan Federation The project assists the Moroccan Information Technology and               $                   190
Africa                                  for IT,             Offshoring Association in enhancing its capacity to serve its member
                                        Telecommunications, companies and further promote Morocco as an information technology
                                        and Off-Shoring     destination. The objective is to support the development of the country’s
                                                            information and communication technology sector, and to enhance the
                                                            growth prospects of members and nonmembers covered by the
                                                            association.



                                                                   Page 22 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region                 Country             Project                                 Project Description                                  Funding
                                                                                                                                          (US$ Thousands)
Middle East and North Oman                SME Banking         The project provides two seminars to disseminate international best        $               10
Africa                                    Seminar             practices in SME banking management in Oman. The objective is to
                                                              raise Omani bankers’ awareness of tools and techniques for safe and
                                                              profitable expansion into the SME sector.
Middle East and North Oman                Business Edge       The project supports SMEs (increasingly the primary source of job          $              71
Africa                                                        creation in Oman) through IFC’s SME management training solution.
                                                              The objective is to facilitate access to management training for Omani
                                                              SMEs by strengthening the capacity of a local training service provider
                                                              to deliver Business Edge training, which in turn strengthens SME
                                                              performance through improved operational and strategic business
                                                              management skills.
Middle East and North Pakistan            Tameer Microfinance Part of a comprehensive ongoing engagement with Tameer                     $             100
Africa                                    Bank                Microfinance Bank (a greenfield investment in Pakistan), the project
                                                              assists the bank in increasing its client outreach through innovative
                                                              products. The objective is for the bank to establish a strong market
                                                              presence and achieve financial sustainability as soon as possible, and
                                                              to maximize its support for the entrepreneurial activities of the poor.

Middle East and North Pakistan            Housing Advisory      The project works with the Housing Advisory Group and the government $                  69
Africa                                    Group                 of Pakistan, providing recommendations and action steps to improve
                                                                the enabling environment for housing finance, and helping to organize
                                                                workshops, seminars, and conferences. The objective is to spur the
                                                                development of the housing finance market in Pakistan.

Middle East and North Pakistan            Kashf Foundation      The project assists Kashf Foundation (a leading nongovernmental           $            200
Africa                                                          organization in Pakistan, lending primarily to women) with a feasibility
                                                                study for creation of a national microfinance bank. The objective is a
                                                                new entity to provide a range of financial services, including credit and
                                                                savings, to micro and small businesses, particularly those run by
                                                                women.
Middle East and North Pakistan            Habib Bank Limited    The project assists Habib Bank Limited (one of the leading banks in       $            250
Africa                                                          Pakistan) in enhancing its training efforts, to increase the level of the
                                                                skills of its 13,000 employees. The objective is for the bank to retain a
                                                                larger percentage of staff, increase its competitiveness, and become a
                                                                stronger bank, potentially having an impact on the overall performance
                                                                of the country’s financial sector.
Middle East and North Pakistan            Crescent Bahuman      The project assists Crescent Bahuman Limited in undertaking a cleaner- $                40
Africa                                    Limited               production audit of its manufacturing operations in Pakistan. The
                                                                objective is to introduce measures for energy efficiency and water-use
                                                                savings within the company’s operations, and potentially to encourage
                                                                other manufacturers in the region to adopt cleaner-production practices
                                                                in their operations.
                                                                     Page 23 of 63
                                      IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
      Region                Country             Project                                  Project Description                                    Funding
                                                                                                                                            (US$ Thousands)
Middle East and North Pakistan           National Highway      The project provides advisory services to the National Highway              $            1,450
Africa                                   Authority             Authority of the government of Pakistan. The objective is to assist in
                                                               seeking private sector participation in the operation and maintenance of
                                                               the northern section of the N-5 Highway, a 440 kilometer four-lane
                                                               highway that runs from Lahore to Peshawar.
Middle East and North Pakistan           Karachi Electric      The project enhances the ability of Karachi Electric Supply Corporation $                  75
Africa                                   Supply Corporation    to supply quality power to Karachi (a major industrial and commercial
                                                               center of Pakistan), through advice on energy-loss reduction and
                                                               optimal use of transmission-and-distribution investment funds. The
                                                               objective is to improve quality of service, and to help demonstrate the
                                                               benefits of privatization (providing an example for further power sector
                                                               privatization).
Middle East and North Pakistan           Power Sector Study    The project analyzes the need for thermal-based options in Pakistan,      $                30
Africa                                                         and how they are likely to be dispatched in the future. The objective is
                                                               to identify the country’s needs for investment in power generation in the
                                                               coming years, and the best options to meet those needs.

Middle East and North Pakistan           Corporate             The project builds the business case for good corporate governance      $                 794
Africa                                   Governance            among banks and corporations in Pakistan, helps investors (particularly
                                                               banks) improve the corporate governance practices of their investee
                                                               companies, and helps develop sustainable institutional capacity for
                                                               corporate governance reforms in the country. The objective is to
                                                               improve corporate governance practices in Pakistan, thus improving
                                                               access to affordable capital, increasing strategic decision-making
                                                               capacity and performance, and enhancing the reputations of banks and
                                                               corporations among stakeholders.

Middle East and North Saudi Arabia       Riyad Bank            The project assists Riyadh Bank in expanding services to its SME             $            100
Africa                                                         clients, by complementing its financial services with SME Toolkit. The
                                                               objective is to create visibility and brand equity for the bank in the Saudi
                                                               SME market, and to improve SMEs’ access to international business
                                                               management best practice.
Middle East and North West Bank and Gaza Microfinance Market   The project assesses the market for microfinance services in West            $             51
Africa                                   Study                 Bank and Gaza. The objective is to promote the country’s microfinance
                                                               sector, and subsequently to inform the related strategic assessment of
                                                               Al-Rafah Microfinance Bank.




                                                                    Page 24 of 63
                                      IFC Advisory Services Projects Approved During FY07
                                                                                                                                               Total Estimated
      Region                Country               Project                                   Project Description                                   Funding
                                                                                                                                              (US$ Thousands)
Middle East and North West Bank and Gaza Olive Oil Supply       The project provides advisory services to seven olive oil bottling           $              617
Africa                                   Chain Development      companies in the West Bank. The objectives are 1) to improve the
                                                                quality of olive oil produced by the companies through strengthened
                                                                supply-chain and quality-management processes; 2) to increase the
                                                                companies’ exports by 30 percent; and 3) to strengthen the
                                                                nongovernmental support framework for the olive oil sector in the West
                                                                Bank and Gaza.
Middle East and North Yemen, Republic of   Business Enabling    The project helps the government of Yemen (at the national and               $             770
Africa                                     Environment          subnational levels, working in Sana'a and Aden) to establish simplified
                                                                business start-up procedures to minimize bureaucratic obstacles for
                                                                private investors. The objective is comprehensive restructuring of the
                                                                relevant business start-up procedures, resulting in reductions in cost
                                                                and time of registration, thus encouraging more local and foreign
                                                                investment.
Middle East and North Yemen, Republic of   Mining Policy Reform The project works with Yemen’s Ministry of Oil & Minerals and the            $             296
Africa                                                          Geological Survey and Minerals Resources Board to develop the
                                                                country's mining industry, providing targeted assistance in the area of
                                                                policy reform. The objective is to strengthen Yemen's existing policy
                                                                framework for the private mining industry.
Middle East and North Yemen, Republic of   Investment Climate   The first of two phases, the project assists the government of Yemen         $             139
Africa                                     Reform               with reforms of tax policy and tax administration. The objective is an
                                                                increase in the number of business registrations and growth in
                                                                investment, both domestic and foreign.
Middle East and North Yemen, Republic of   Business Edge        The project is designed to build the capacity of training providers in the   $             429
Africa                                     Yemen                Republic of Yemen to offer commercially viable SME management
                                                                training, and to increase acceptance of management training among
                                                                Yemeni SMEs. The objective is to improve access to management
                                                                training for 20,000 SME managers and owners, thereby strengthening
                                                                SME performance through improved operational and strategic business
                                                                management skills.
South Asia           Bangladesh            Investment Climate   The project evaluates the investment climate in Bangladesh, 1)               $             186
                                           Assessment           identifying areas where further constraints may be removed and where
                                                                market-support institutions could be enhanced, and 2) assessing the
                                                                extent of efficient productivity shifts (shifting resources from less
                                                                productive to more productive sectors) within the country’s economy.
                                                                Objectives include 1) policy recommendations to address the major
                                                                impediments to the investment climate and help prioritize steps to
                                                                improve and monitor the overall business environment, and 2)
                                                                identification of areas for specific operational interventions.




                                                                       Page 25 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                      Total Estimated
      Region           Country              Project                                Project Description                                   Funding
                                                                                                                                     (US$ Thousands)
South Asia     Bangladesh           Biman               The project assists with the restructuring and privatization of Biman, the $             1,785
                                                        national airline of Bangladesh. The objective is to provide safe and
                                                        reliable air service to Bangladesh on a financially sustainable basis,
                                                        and significantly reduce the airline’s current drain on government
                                                        resources.
South Asia     Bangladesh           Lafarge             The project helps Lafarge extend its outreach to improve relations          $            2,140
                                                        within the company and with the local communities where it operates.
                                                        The objective is an effective community-outreach strategy that includes
                                                        1) development of local suppliers and the local economy, 2) increased
                                                        internal capacity to manage and implement sustainable economic
                                                        development activities, and 3) better external and internal
                                                        communication.
South Asia     India                Yes Bank            The project provides advisory services to Yes Bank in India. The            $               25
                                                        objective is to complete a business plan and an advisory-services
                                                        implementation plan to guide the bank’s development of microfinance
                                                        operations (downscaling).
South Asia     India                Microfinance IT     The project 1) helps launch pilot projects in the microfinance sector in    $            1,000
                                    Assistance          India to raise awareness of information and communication
                                                        technologies and develop a biometric smart card for banking; 2)
                                                        supports pilot training projects with two of the country’s largest
                                                        microfinance institutions; and 3) tests the project for microenterprises in
                                                        two Indian states, Assam and Meghalaya. The objective is to automate
                                                        government payments, banking, and other financial services for the
                                                        unbanked and underbanked populations and enterprises in India,
                                                        potentially benefiting some 1.7 million people.

South Asia     India                Financial Sector    The project provides capacity-building services for the financial sector      $           288
                                    Capacity Building   of Northeast India. The objectives are 1) to increase access to finance
                                                        for MSMEs and bridge the gap that exists between different enterprise
                                                        segments; 2) to build financial institutions’ capacity to divert funds to the
                                                        MSME sector and manage their MSME portfolio risk; and 3) to develop
                                                        and promote new products and services for MSMEs.

South Asia     India                Hand-in-Hand        The project reviews the business plan developed by Hand-in-Hand (a           $            250
                                                        nongovernmental organization working with self-help groups in
                                                        Southern India) for a commercially run microfinance institution. The
                                                        objective is to determine whether the plan is feasible, and if so to
                                                        consider providing further advisory and funding support for the
                                                        formation and development of the microfinance institution.




                                                             Page 26 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region           Country             Project                                     Project Description                                    Funding
                                                                                                                                          (US$ Thousands)
South Asia     India                Business Regulation     The project identifies success factors and potential pitfalls to be          $               15
                                    Reform                  considered in designing future regulatory management systems in India
                                                            by analyzing the country’s experience with business regulation reforms.
                                                            The objective is to create a more transparent, accountable, and efficient
                                                            business regulatory environment, and to contribute to stimulating further
                                                            private investment and growth in the country.

South Asia     India                Business Advantage      The project establishes a local partnership in India to deliver               $            130
                                    Workshop                Competitive Business Advantage workshops, and builds the capacity of
                                                            the local partner to deliver sustainability workshops and support the
                                                            sustainability initiatives of the local financial market. The objective is to
                                                            help senior banking professionals manage environmental and social
                                                            issues associated with their lending and investment operations, and to
                                                            help them identify environmental opportunities in their portfolios and in
                                                            those of their client companies.

South Asia     India                Corporate Social        The project provides a platform for training relevant staff within Indian $                120
                                    Responsibility          companies (IFC clients and non-IFC clients) to launch reporting
                                                            processes in accordance with internationally recognized standards. The
                                                            objective is greater transparency and accountability on issues of
                                                            corporate social responsibility.
South Asia     India                Social Responsibility   The project pioneers (and pilots in India) an independent lead-acid       $                297
                                    Battery Certification   battery certification program for companies that meet minimum
                                                            emissions standards and product stewardship requirements. The
                                                            objective of this voluntary standard-setting approach is to reduce
                                                            emissions from lead-battery plants and encourage more
                                                            environmentally sound battery recycling, and subsequently to serve as
                                                            model for lead battery industries in other countries.
South Asia     India                Pilot Electricity       The project develops a medium-size rural-electrification project in the   $              8,232
                                    Distribution Project    State of West Bengal, India. The objectives are 1) to increase access to
                                                            a stable power supply for large segments of the currently unserved rural
                                                            population; 2) to include significant community participation; 3) to
                                                            involve a nongovernmental organization to provide microlending for
                                                            villagers to fund the purchase of production equipment; and 4) to scale
                                                            up and transfer technology included in the pilot projects.




                                                                 Page 27 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                          Total Estimated
      Region           Country             Project                                   Project Description                                     Funding
                                                                                                                                         (US$ Thousands)
South Asia     India                Drishtee Development The project supports Drishtee Development and Communication Ltd (a             $              350
                                    and Communication provider of rural information and communications technology services in
                                    Ltd.                 India) in its plans to 1) develop new services tailored to the needs and
                                                         market potential of rural communities, 2) expand its network, 3) evolve
                                                         from a distribution network to a rural supply chain, and 4) develop an
                                                         efficient model to operate delivery points and provide market linkages.
                                                         The objective is to foster the growth of Internet-delivery services to rural
                                                         communities in India.
South Asia     India                Market Linkages      The project assists in the private enterprise development of poultry           $              21
                                                         (layer birds) in two districts of Asom in India. The objectives are to
                                                         develop a sustainable service-delivery mechanism; to establish market
                                                         linkages for selling eggs; to increase sales, performance, and assets of
                                                         private farms; and to provide economic benefit, including the creation of
                                                         more than 150 jobs.
South Asia     India                Cairn-IFC Economic The joint project with Cairn India (oil and gas industry) helps promote          $             900
                                    and Community        economic and social development of Barmer District in Rajasthan,
                                    Development          India, through SME linkages and local business development, health
                                    Program              awareness and education, and corporate social responsibility. The
                                                         objectives are 1) to improve local SMEs’ ability to meet Cairn’s
                                                         procurement requirements; 2) to increase income-generating
                                                         opportunities; and 3) to improve economic development opportunities
                                                         for rural communities impacted by Cairn’s operations.
South Asia     India                Rural Business       The project facilitates a pilot program to develop the agri-rural sector       $             106
                                    Development          (agriculture, horticulture, poultry, fisheries, and so on) of North East
                                                         India. The objective is to support, facilitate, and promote rural business
                                                         hubs, to support capacity building for specific hubs, and to support
                                                         market linkages.
South Asia     Maldives             Housing Development The project provides assistance to nonbank financial institutions in            $              23
                                    Finance Corporation Maldives. The objective is to prepare a business plan under a 60
                                                         percent privatization scenario for equity participation from international
                                                         investors and the local public.
South Asia     Nepal                Economic Zones       The project is a short-term intervention to help the government of Nepal       $              27
                                    Legislation          review its draft law for special economic zones, using the export
                                                         processing zones of Bangladesh as a model. The objective is to
                                                         respond to an immediate client demand, and also to begin engagement
                                                         in postconflict Nepal, laying the groundwork for a pipeline of future
                                                         investment climate projects.




                                                                Page 28 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                          Total Estimated
      Region           Country               Project                                    Project Description                                  Funding
                                                                                                                                         (US$ Thousands)
South Asia     Nepal                  Investment Climate  The project assists Nepal by performing a mini-diagnostic of the              $               96
                                      Study               country’s investment climate. The objective is to understand quickly the
                                                          critical regulatory constraints to private investment, to propose reform
                                                          options and gauge whether conditions exist for their sustainable
                                                          implementation, and to assess the scope for subsequent advisory
                                                          services in Nepal.
South Asia     Southeast Asia       Portfolio Approach to The project develops a framework to provide tools (such as template           $             350
               Region               Distributed           agreements and contracts, performance standards for equipment, and
                                    Generation            financing opportunities) to encourage various parties in Southeast Asia
                                    Opportunities         (manufacturers, developers, operating companies, banks, rural
                                                          communities) to enter the energy market while maintaining quality of
                                                          service provided and lowering transaction costs. The objective is to
                                                          improve access to cleaner and more reliable sources of energy for
                                                          underserved populations; and potentially to replicate the framework in
                                                          other regions.
South Asia     Southern Asia Region Infrastructure        The project encourages and supports private investment in the                 $          25,179
                                    Development           infrastructure sector in South Asia. The objective is to create replicable
                                    Program               and bankable infrastructure projects in sectors where it is difficult to
                                                          identify well-structured projects that are technically feasible and
                                                          economically viable; and to improve government capacity at the state
                                                          and local levels to conceive, structure, and implement such projects.

South Asia     Sri Lanka              Business Enabling       The project assists the government of Sri Lanka in reforming the          $           1,280
                                      Environment             investment climate, specifically in simplifying business registration,
                                                              licenses, and permits administered at the Office of the Registrar of
                                                              Companies and Colombo Municipal Council. The objective is to meet
                                                              the government’s stated goal to ―remove all [regulations] that are not
                                                              strictly necessary for public health, safety, or maintaining security.‖

South Asia     Sri Lanka              Portfolio Approach to   The project develops a framework to provide tools (such as template       $           2,840
                                      Distributed             agreements and contracts, performance standards for equipment, and
                                      Generation              financing opportunities) to encourage various parties in Sri Lanka
                                      Opportunities           (manufacturers, developers, operating companies, banks, rural
                                                              communities) to enter the energy market while maintaining quality of
                                                              service provided and lowering transaction costs. The objective is to
                                                              improve access to cleaner and more reliable sources of energy for
                                                              underserved populations; and potentially to replicate the framework in
                                                              other countries or regions.




                                                                   Page 29 of 63
                                    IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region              Country             Project                                   Project Description                                   Funding
                                                                                                                                          (US$ Thousands)
South Asia          Sri Lanka          Value Chain Analysis The project conducts a value chain analysis in Sri Lanka, covering           $               69
                                                            human resources, institutional, infrastructure, policy, and legal issues
                                                            and constraints that are impeding growth of the information technology
                                                            service sector. The objective is to determine what can be done to
                                                            address the various issues and constraints, and to develop a
                                                            comprehensive strategy for an Advisory Service program.
South Asia          Sri Lanka          Tourism Promotion    The project conducts a value chain analysis in Sri Lanka, covering           $              60
                                                            human resources, institutional, infrastructure, policy, and legal issues
                                                            and constraints that are impeding growth of the SME tourism sector.
                                                            The objective is to determine what can be done to address the various
                                                            issues and constraints, to create and strengthen linkages and improve
                                                            marketing to enhance the overall performance of the SME sector.

South Asia          Sri Lanka          Tourism SME Linkage The one-year project provides linkages in Sri Lanka’s tourism industry,       $              95
                                       Program             beginning in the southern coastal resort region of Hikkaduwa, which
                                                           has a high concentration of hotels, SMEs, and active trade
                                                           associations. The objective is to strengthen and add value to IFC
                                                           interventions, and further benefit the economy through increased
                                                           employment and more capable SMEs.
Southern Europe and Albania            Housing Finance     The project provides a systematic approach to developing the housing          $             762
Central Asia                           Capacity Building   finance sector in Albania, addressing the skills and capacity of
                                                           commercial banks and providing recommendations to the appropriate
                                                           government institutions. The objective is a dynamic and affordable
                                                           housing finance market based on best practices and efficient oversight.

Southern Europe and Albania            Albanian Power         The project provides lead advisory services to Albania's Ministry of       $           1,600
Central Asia                           Corporation            Economy, Trade, and Energy. The objective is to unbundle the
                                                              electricity-distribution activities of the national electricity utility,
                                                              Korporata Electroenergjetika Shqiptare, and to introduce private sector
                                                              participation.
Southern Europe and Azerbaijan         Mortgage Market        The project provides assistance to the government of Azerbaijan. The       $             564
Central Asia                           Initiative             objective is to create favorable conditions for development of the
                                                              primary mortgage market, and easy access to mortgage financing for
                                                              people with low and medium incomes.




                                                                   Page 30 of 63
                                    IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
      Region              Country             Project                                   Project Description                                     Funding
                                                                                                                                            (US$ Thousands)
Southern Europe and Azerbaijan         Rabitabank             The project (one of seven individual banking and microfinance projects       $              320
Central Asia                                                  for Southern Europe and Central Asia) provides advisory services to
                                                              Rabitabank in Azerbaijan via a senior resident adviser who 1) conducts
                                                              an analysis of the institution's strengths and weaknesses in SME and
                                                              retail banking, 2) drafts an institution building plan, 3) assists
                                                              management in the implementation of the plan (following approval by
                                                              the bank and IFC), and 4) supervises related short-term advisory work.
                                                              The overall objective is to increase access to financial services for
                                                              MSMEs and households in the region.

Southern Europe and Azerbaijan         AzeriGazBank           The project (one of seven individual banking and microfinance projects       $             330
Central Asia                                                  for Southern Europe and Central Asia) provides advisory services to
                                                              AzeriGazBank in Azerbaijan via a senior resident adviser who 1)
                                                              conducts an analysis of the institution's strengths and weaknesses in
                                                              SME and retail banking, 2) drafts an institution-building plan, 3) assists
                                                              management in the implementation of the plan (following approval by
                                                              the bank and IFC), and 4) supervises related short-term advisory work.
                                                              The overall objective is to increase access to financial services for
                                                              MSMEs and households in the region.

Southern Europe and Bosnia and         Ekonomic Kredit        The project helps Ekonomic Kredit Institution (a nonbank microcredit         $             104
Central Asia        Herzegovina        Institution            organization in Bosnia and Herzegovina) to roll out an innovative
                                                              energy efficiency loan product. The objective is to achieve significant
                                                              energy savings and conservation, and to strengthen small businesses
                                                              and microenterprises that have limited access to microfinancing.

Southern Europe and Bosnia and         Business Enabling      The project assists with linking local reforms to national reforms in      $               700
Central Asia        Herzegovina        Environment            Bosnia and Herzegovina through 1) streamlining regulations related to
                                                              business inspections, permits, and licenses; and 2) increasing the
                                                              transparency of the implementation of related regulations. The objective
                                                              is to increase the competitiveness of selected localities, and to increase
                                                              private investment in the country.
Southern Europe and Bosnia and         Raiffeisen Bank D.D.   The project provides a grant to Raiffeisenbank Bosnia-Herzegovina, a       $               552
Central Asia        Herzegovina                               subsidiary of Raiffeisen Group in Austria, to be the first bank to develop
                                                              and roll out energy efficiency housing loan products in Bosnia and
                                                              Herzegovina. The objective is to upgrade the country’s housing.




                                                                   Page 31 of 63
                                      IFC Advisory Services Projects Approved During FY07
                                                                                                                                              Total Estimated
      Region              Country               Project                                 Project Description                                      Funding
                                                                                                                                             (US$ Thousands)
Southern Europe and Bosnia and           MI-BOSPO             The project supports an IFC investment to help Microcredit                    $               95
Central Asia        Herzegovina                               Organization-Bosnian Committee for Help transform into a fully
                                                              sustainable microfinance institution. The objective is to align the
                                                              institution’s mission and strategy by training its staff in product
                                                              marketing and customer-service delivery, thereby strengthening the
                                                              institution’s position as a financial service provider of choice for low-
                                                              income women in Bosnia.
Southern Europe and Bulgaria             Ecoprocess JSC       The project provides a grant (with an option to convert to equity) and        $             185
Central Asia                                                  advisory services to Ecoprocess JSC, an early-stage tire recycling
                                                              company in Bulgaria, to assist the company in commercializing its tire-
                                                              recycling technology. The objectives are to 1) demonstrate the
                                                              commercial viability of the plant, leading to further investment in the
                                                              sector; and 2) provide a private sector commercial alternative to landfills
                                                              and incineration of used tires, thereby reducing ground-water
                                                              contamination and noxious air emissions.
Southern Europe and Bulgaria             Bulgaria Water       The project serves as lead adviser to Bulgaria's Ministry of Regional         $           1,140
Central Asia                                                  Development. The objective is to prepare and design a sustainable
                                                              water-related private sector participation (PSP) program, to identify one
                                                              pilot project for structuring a successful PSP transaction, and to
                                                              mobilize private participation in the project.
Southern Europe and Bulgaria             Corporate            The project assists the Bulgarian Stock Exchange and the Center for           $              60
Central Asia                             Governance           Economic Development in the development of a national corporate
                                                              governance (CG) code of best practice in Bulgaria. The objectives are
                                                              1) to improve the CG practices of listed companies in the country; 2) to
                                                              help raise awareness of and build the business case for good CG; 3) to
                                                              drive legal and regulatory CG reform efforts; and 4) to serve as a
                                                              benchmark for monitoring and implementing CG practices and policies
                                                              at the corporate level.
Southern Europe and Croatia              Biogas Feasibility   The project assesses the feasibility of anaerobic digestion of Belje's        $             193
Central Asia                             Study                animal-rearing waste and waste water to produce biogas and high-
                                                              quality organic fertilizer from residuals. The objective is to improve the
                                                              current state of waste management and to generate sustainable waste-
                                                              to-energy revenues.
Southern Europe and Kazakhstan           Mortgage Market      The project provides assistance to the government of Kazakhstan. The          $             746
Central Asia                             Initiative           objective is to create favorable conditions for development of the
                                                              primary mortgage market, and easy access to mortgage financing for
                                                              people with low and medium incomes.
Southern Europe and Kyrgyz Republic      Mortgage Market      The project provides assistance to the government of the Kyrgyz               $             494
Central Asia                             Initiative           Republic. The objective is to create favorable conditions for
                                                              development of the primary mortgage market, and easy access to
                                                              mortgage financing for people with low and medium incomes.


                                                                   Page 32 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                              Total Estimated
      Region                 Country             Project                                 Project Description                                     Funding
                                                                                                                                             (US$ Thousands)
Southern Europe and Kyrgyz Republic       Bai Tushum            The project (one of seven individual banking and microfinance projects      $              320
Central Asia                                                    for Southern Europe and Central Asia) provides advisory services to Bai-
                                                                Tushum MCC in the Kyrgyz Republic via a set of advisers to support the
                                                                microfinance company’s transformation into a commercial bank focused
                                                                on microfinance. The overall objective is to increase access to financial
                                                                services for MSMEs and households in the region.

Southern Europe and Kyrgyz Republic       Corporate           The project provides seminars and consultations for local joint stock      $                350
Central Asia                              Governance Training companies and banks in the Kyrgyz Republic, makes legislative and
                                                              regulatory recommendations, and conducts a public education
                                                              campaign to raise awareness of corporate governance among business
                                                              leaders, regulators, journalists, educators, and the public. The objective
                                                              is to improve the corporate governance of the companies and banks,
                                                              thereby increasing their attractiveness to investors.

Southern Europe and Macedonia, Former    Investment Climate     The project helps the government of Macedonia improve the business          $              75
Central Asia        Yugoslav Republic of Reform                 enabling environment by reducing the cost and risk of establishing and
                                                                operating a business; it also enhances the capacity of the Sector for
                                                                Regulatory Reform to implement the reform agenda. The objective is
                                                                increased private investment and improved performance on the
                                                                relevant Doing Business indicators and investor-perception indexes.

Southern Europe and Serbia                ProCredit Bank        The project provides advisory services for ProCredit Bank Serbia,           $             161
Central Asia                                                    including training loan officers in energy efficiency, supporting a
                                                                marketing and awareness campaign, and conducting an impact study at
                                                                the end of the project. The objective is to introduce a housing energy
                                                                efficiency product at the bank.
Southern Europe and Serbia                Business Enabling     The project assists Serbia with subnational competitiveness through 1)      $             575
Central Asia                              Environment           streamlining regulations related to business inspections, permits, and
                                                                licenses; and 2) increasing the transparency of the implementation of
                                                                related regulations. The objective is to increase private investment and
                                                                the number of site visits by investors, and to effect a reduction in the
                                                                cost of doing business.
Southern Europe and Southern Europe       Access to Finance     The project builds capacity of local financial institutions to provide      $           1,000
Central Asia        Region                                      efficient service to MSMEs and households in Southern Europe and
                                                                Central Asia. The objective is to increase access to financial services
                                                                for these client segments.
Southern Europe and Tajikistan            Mortgage Market       The project provides assistance to the government of Tajikistan. The        $             429
Central Asia                              Initiative            objective is to create favorable conditions for development of the
                                                                primary mortgage market, and easy access to mortgage financing for
                                                                people with low and medium incomes.


                                                                     Page 33 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
      Region                 Country             Project                                  Project Description                                   Funding
                                                                                                                                            (US$ Thousands)
Southern Europe and Tajikistan            Tojiksodirotbonk      The project assists Sugd-Agro-Serve (a cotton-farmer membership-           $              580
Central Asia                                                    based organization) in converting its lending activities into a registered
                                                                microfinance institution, and in partnering with Tajiksodirotbonk, an
                                                                established financial institution that is expanding to the south. The
                                                                objectives are 1) to introduce a short-fiber cotton lending product for
                                                                small-to-medium farms in the Kurgan-Tjube Oblast, and 2) to expand
                                                                further to the south and also introduce a modified product for financing
                                                                of long-fiber cotton.
Southern Europe and Tajikistan            Pamir Energy          The project provides emergency humanitarian assistance to the most          $            200
Central Asia                                                    vulnerable customers of Pamir Energy, an IFC investee company in the
                                                                remote Gorno-Badakshan autonomous oblast of eastern Tajikistan. The
                                                                objective is to respond to needs resulting from the emergency
                                                                shutdown of the Pamir I hydropower plant due to flooding on February
                                                                5, 2007, which disrupted the power supply to the area and is causing
                                                                severe hardship for local residents.
Southern Europe and Tajikistan            SugAgroServ           The project extends the farmer ownership model to provide additional        $            402
Central Asia                                                    support to Sugd-Agro-Serve (a cotton-farmer membership-based
                                                                organization in transition to a registered microfinance institution) during
                                                                the new general manager’s first year. The objective is to improve the
                                                                company’s lending operations and enhance its sustainability.

Southern Europe and Tajikistan            Corporate           The project provides seminars and consultations for local joint stock        $             350
Central Asia                              Governance Training companies and banks in Tajikistan, makes legislative and regulatory
                                                              recommendations, and conducts a public education campaign to raise
                                                              awareness of corporate governance among business leaders,
                                                              regulators, journalists, educators, and the public. The objective is to
                                                              improve the corporate governance of the companies and banks,
                                                              thereby increasing their attractiveness to investors.

Southern Europe and Turkey                Geothermal Energy     The project systematically explores geothermal opportunities in           $           10,000
Central Asia                              Development           Hungary, Russia, Armenia, Turkey, Ukraine, and Tajikistan (and
                                          Program               possibly other countries in the region), developing a collaborative model
                                                                with the World Bank’s Europe and Central Asia Infrastructure
                                                                Department and IFC investment departments. The objective is to use
                                                                interventions to identify and develop geothermal resources in an
                                                                environmentally friendly manner, and to learn about potential green-
                                                                energy options in a frontier area.




                                                                     Page 34 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                               Total Estimated
      Region                 Country             Project                                  Project Description                                     Funding
                                                                                                                                              (US$ Thousands)
Southern Europe and Turkey                Electricity Markets   The project conducts a market study of Turkey's electricity sector to        $               90
Central Asia                                                    determine future electricity spot prices in the Turkish Interconnected
                                                                System. The objective is to increase IFC’s understanding of the
                                                                potential evolution of Turkey's electricity wholesale market, to assess
                                                                various potential investments in the sector, and ultimately to support the
                                                                entry of foreign and domestic private investors into a currently
                                                                government-dominated sector.
Southern Europe and Turkey                Waste Paper           To help Modern Karton expand its cardboard production capacity, the        $               100
Central Asia                              Collection Linkages   project assesses and develops the potential for waste-paper separation
                                                                and collection from households and small shops in the Istanbul area.
                                                                The objective is to bring waste-collection practices and standards in
                                                                Turkey into line with European Union norms and establish a best
                                                                practice model involving the private sector, municipalities, poor
                                                                communities, and IFC; and consequently to grow employment
                                                                opportunities and reduce the amount of waste going into landfills.

Southern Europe and Uzbekistan            Mortgage Market       The project provides assistance to the government of Uzbekistan. The         $           1,576
Central Asia                              Initiative            objective is to create favorable conditions for development of the
                                                                primary mortgage market, and easy access to mortgage financing for
                                                                people with low and medium incomes.
Southern Europe and Uzbekistan            Hamkorbank            The project (one of seven individual banking and microfinance projects       $             320
Central Asia                                                    for Southern Europe and Central Asia) provides advisory services to
                                                                Hamkorbank in Uzbekistan via a senior resident adviser who 1)
                                                                conducts an analysis of the institution's strengths and weaknesses in
                                                                SME and retail banking, 2) drafts an institution building plan, 3) assists
                                                                management in the implementation of the plan (following approval by
                                                                the bank and IFC), and 4) supervises related short-term advisory work.
                                                                The overall objective is to increase access to financial services for
                                                                MSMEs and households in the region.

Sub-Saharan Africa   Africa Region        Africa Finance        The project supports the creation of the Africa Finance Training          $              1,500
                                          Training Network      Network (made up of leading regional institutions) through conducting a
                                                                market survey in the region, developing a comprehensive finance
                                                                curriculum, and facilitating the adoption and delivery of courses. The
                                                                objective is more robust financial markets in Africa, including increased
                                                                receptivity to new financial products and the capacity to provide local
                                                                employees who are skilled in credit and finance.




                                                                     Page 35 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region               Country             Project                                   Project Description                                  Funding
                                                                                                                                          (US$ Thousands)
Sub-Saharan Africa   Africa Region      Housing Finance         The project conducts a comprehensive assessment of the housing           $              230
                                        Study                   finance sectors in four French-speaking Sub-Saharan African countries.
                                                                The objective is to facilitate development of a sustainable market-driven
                                                                housing finance infrastructure in each country, thereby providing
                                                                housing and spurring economic growth through job creation,
                                                                entrepreneurship, and economic linkages.
Sub-Saharan Africa   Africa Region      Financial Market        The project involves funding for small interventions to jumpstart         $          1,300
                                        Development             programs that support financial market development in Africa (with
                                                                subsequent funding to follow from other programs or donor funds). The
                                                                objective is to increase access to finance for SMEs by addressing
                                                                financial markets comprehensively, and to expand the range of financial
                                                                products and services available in those markets.
Sub-Saharan Africa   Africa Region      Microfinance Initiative Part of a larger initiative to accelerate expansion of sustainable        $          2,000
                                        for Sub-Saharan         microfinance services for low-income microentrepreneurs in Sub-
                                        Africa                  Saharan Africa, the project helps to establish seven professionally
                                                                managed greenfield microfinance institutions in five countries. The
                                                                objective is for the new microfinance institutions to be operated under
                                                                commercial standards to enable and sustain continued expansion of
                                                                lending activities.
Sub-Saharan Africa   Africa Region      Housing Finance         The project conducts an in-depth analysis of the housing market in        $            150
                                        Assessment              Burkina Faso (covering demand, supply, and regulatory issues) to
                                                                inform and design IFC's housing sector strategy for Burkina Faso, and
                                                                to design a comprehensive housing sector advisory program for the
                                                                country. The objective is a strong mortgage finance sector, resulting in
                                                                job creation, better housing, and wealth creation as households and
                                                                SMEs use their homes as collateral to raise capital for their businesses.

Sub-Saharan Africa   Africa Region      East African           The project involves national networks (linking capitals and major cities $             250
                                        Submarine Cable        in Kenya, Uganda, Rwanda, Burundi, Tanzania, Mozambique, Malawi,
                                        System                 and Madagascar to the Internet via competitively priced high bandwidth)
                                                               to meet the Internet traffic demand and channel it into the Eastern Loop
                                                               and the East Africa Submarine Cable System project. The objective is
                                                               to accelerate economic development in the region through increased
                                                               access to and productive use of information and communication
                                                               technologies, resulting in increased foreign trade, reduced transaction
                                                               costs, improved competitiveness, increased investment, and stronger
                                                               links to global economy.




                                                                    Page 36 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                            Total Estimated
      Region               Country             Project                                    Project Description                                  Funding
                                                                                                                                           (US$ Thousands)
Sub-Saharan Africa   Africa Region      Monitoring and         Part of a seven-country joint International Development Association-IFC $                  70
                                        Evaluation             MSME pilot program in Africa, the project 1) develops a common
                                        Framework              framework for monitoring and evaluation (and standard comparable
                                                               output, outcome, and impact indicators) for selected program
                                                               interventions, and 2) helps establish guidelines for collecting,
                                                               measuring, and analyzing these indicators. The objective is to develop
                                                               a means of comparing effectiveness across the seven projects, and to
                                                               aggregate indicators and measures within program areas (across
                                                               projects) for reporting purposes.
Sub-Saharan Africa   Africa Region      Organization for       The project coordinates with networks and other initiatives created by     $              285
                                        Harmonization of       the Organization for the Harmonisation of Business Law in Africa
                                        Business Law in        (OHADA). The objective is to increase participation of OHADA national
                                        Africa                 commissions in framework improvements and upgrading of the
                                                               business climate in the OHADA zone.
Sub-Saharan Africa   Africa Region      Lighting the Bottom of The project provides a Web-based platform to facilitate participation,     $              500
                                        the Pyramid            collaboration, and information sharing on the market for off-grid lighting
                                                               products. The objective is for the platform to be used by all parties in
                                                               the modern-lighting manufacturing and distribution chain that intend to
                                                               pursue business opportunities in Sub-Saharan Africa; and for it to be
                                                               used as a management tool for the Lighting Africa project.

Sub-Saharan Africa   Africa Region      Private Healthcare     The project 1) documents the importance of the private sector in              $        3,217
                                                               financing, providing, and improving health services in Sub-Saharan
                                                               Africa; 2) identifies successful business models in the region’s private
                                                               health sector; 3) builds on IFC investment and advisory strategy in
                                                               these fields in identifying a pipeline of pilot projects; and 4) encourages
                                                               IFC to engage a wider range of potential partners to explore new
                                                               initiatives. The objective is to improve the financing and provision of
                                                               health services delivered by the private sector in Sub-Saharan Africa.

Sub-Saharan Africa   Africa Region      Africa Schools         An extension of a successful pilot in Ghana, the project provides risk-    $           5,750
                                        Program                participation to commercial banks (in targeted Sub-Saharan African
                                                               countries) on local-currency loans to private schools for construction,
                                                               expansion, information systems, training, and educational material. The
                                                               objective is to improve the quality and expand the capacity of private
                                                               schooling, thereby supporting the target countries’ education Millennium
                                                               Development Goals.
Sub-Saharan Africa   Africa Region      IFC Against AIDS       The project is a performance-based grant program that provides seed        $           1,250
                                                               funding to bolster IFC clients’ efforts against HIV/AIDS. The objective is
                                                               to support the launch, implementation, and measurement and
                                                               evaluation of workplace and community HIV/AIDS programs of clients in
                                                               Africa.
                                                                    Page 37 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                            Total Estimated
      Region               Country             Project                                   Project Description                                   Funding
                                                                                                                                           (US$ Thousands)
Sub-Saharan Africa   Africa Region      Stakeholder Training   The project supports advocacy and media skills for key stakeholders        $               95
                                                               (such as women's business associations, government, civil society
                                                               organizations, and lawyers) in Ghana, Tanzania, and Uganda. The
                                                               objective is to equip participants with advocacy tools and media
                                                               strategies for taking forward the recommendations of gender and
                                                               growth assessments; and to ensure long-term legislative change to
                                                               enable women to increase their participation in private sector
                                                               development.
Sub-Saharan Africa   Africa Region      Corporate              The project is a corporate governance and director-development pilot       $             500
                                        Governance             program to strengthen 23 financial institutions (in 10 African countries)
                                                               as financial intermediaries. The objectives include increasing their
                                                               investment performance, reducing government interference,
                                                               encouraging investor confidence, and facilitating participation of private
                                                               sector banks and equity finance instruments; and ultimately benefiting
                                                               their clients.
Sub-Saharan Africa   Africa Region      SME Market Access      The project partners with World Hotel Link (an e-market platform that      $           2,460
                                                               facilitates bookings with SMEs in the tourism sector in developing
                                                               countries) and provides advisory services to local marketplace
                                                               operators (who run Web sites) and SMEs (tourism destinations) in at
                                                               least eight countries in Sub-Saharan Africa. The objective is to
                                                               strengthen the position of SMEs in the tourism sector through improving
                                                               their market access and increasing their competitiveness.

Sub-Saharan Africa   Africa Region      Tourism Training       The project creates a tourism training network to develop course            $          1,500
                                        Network                modules in tourism management, and deliver them to leading training
                                                               institutions in Africa for adoption within existing degree programs and
                                                               professional courses. The objective is to grow African tourism
                                                               businesses by increasing their ability to access international markets
                                                               and by developing local management skills.
Sub-Saharan Africa   Africa Region      Enterprise             The project develops a training workshop and follow-on capacity-            $            991
                                        Development            building activities (for African business school and university faculty and
                                        Curriculum             enterprise centers) on teaching methods and materials in SME
                                                               management and entrepreneurship; and it shares the Lagos Business
                                                               School entrepreneurship center model and publishes and disseminates
                                                               a casebook/teaching manual. The objective is enhanced
                                                               entrepreneurial activity and improved management and growth of SMEs
                                                               in target countries, through better training.




                                                                    Page 38 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                            Total Estimated
      Region               Country             Project                                    Project Description                                  Funding
                                                                                                                                           (US$ Thousands)
Sub-Saharan Africa   Africa Region      Linkages Basket -       The project (the donor funding basket) enables IFC Private Enterprise     $            9,150
                                        PEP Africa              Partnership Africa to respond rapidly to clients (including potential IFC
                                                                investment clients) by implementing SME linkage programs. The
                                                                objectives are 1) to increase investor roles in local content
                                                                development; 2) to improve local SMEs’ ability to meet industry
                                                                procurement requirements; and 3) to improve access to finance for
                                                                SMEs, in cooperation with local financial institutions.
Sub-Saharan Africa   Africa Region      Community Phone         The project expands the Uganda community phone concept across              $          4,300
                                        Project                 Africa, tailoring it to local circumstances. The objectives are 1) to
                                                                provide remote rural communities of Nigeria and three other African
                                                                countries with communication services based on shared access; 2) to
                                                                maximize sustainable livelihoods for an aggregate of 20,000
                                                                microentrepreneurs (community phone operators); and 3) to provide
                                                                value-addition service to existing and potential IFC clients (MTN, Celtel,
                                                                Vodafone, Investcom and others).
Sub-Saharan Africa   Africa Region      Corporate               The project assists Zambia through the Global Corporate Governance         $            125
                                        Governance Forum        Forum (which tackles poverty in developing countries by promoting
                                                                reform efforts to protect and attract capital, inspire investor and lender
                                                                confidence, and spur domestic and foreign investments for economic
                                                                development). The objective is to increase efficiency of companies in
                                                                Zambia by addressing the issue of corporate governance.

Sub-Saharan Africa   Botswana           Botswana                The project advises the government of Botswana on the design and           $            400
                                        International           tender of a public-private partnership for a new second university for the
                                        University of Science   country, the Botswana International University of Science and
                                        and Technology          Technology. The objective is to identify the most appropriate public-
                                                                private partnership structure for the university, and to execute the
                                                                transaction.
Sub-Saharan Africa   Burkina Faso       Banque Agricole et      The project combines capacity-building advisory services with direct       $            934
                                        Commerciale du          IFC investment to help financial intermediaries in Burkina Faso provide
                                        Burkina                 better service for MSMEs. The objective is to strengthen the core
                                                                functions and the overall credit culture and risk management practices
                                                                of Banque Agricole et Commerciale Du Burkina, and to deepen and
                                                                broaden the African financial sector and raise the standard of financial
                                                                services provided to MSMEs.
Sub-Saharan Africa   Cameroon           Leasing Regulatory      The project assists the government of Cameroon in the drafting,            $            220
                                        Reform                  passage, and implementation of a new law for leasing operations. The
                                                                objective is to have the law enacted, with public and private support.




                                                                     Page 39 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                               Total Estimated
      Region               Country              Project                                    Project Description                                    Funding
                                                                                                                                              (US$ Thousands)
Sub-Saharan Africa   Cameroon            Advans Cameroun         The project supports the creation of Advans Cameroun, a greenfield          $            2,849
                                                                 microfinance institution. The objectives are 1) to contribute directly to
                                                                 poverty reduction in Cameroon; 2) to develop the financial sector by
                                                                 deepening and broadening the range of banking services available to
                                                                 low-income families and microentrepreneurs; 3) to strengthen the
                                                                 financial sector by establishing a professionally managed microfinance
                                                                 institution with financial and operational relationships with mainstream
                                                                 banks; and 4) to boost the local microfinance sector through increased
                                                                 competition and demonstration effect.

Sub-Saharan Africa   Cameroon            Banque Internationale The project is a feasibility study for creating a leasing department within $                90
                                         du Cameroun pour       the Banque Internationale du Cameroun pour l'Epargne et le Credit.
                                         l'Epargne et le Credit The objective is for the bank to set up financial leasing operations and
                                                                provide an alternative financial instrument that SMEs can use to access
                                                                assets to expand their businesses.
Sub-Saharan Africa   Cameroon            Cameroon Business The project assists in 1) structuring a forum for public-private sector         $               500
                                         Forum                  dialogue on improving the business environment in Cameroon,
                                                                enhancing the private sector's effectiveness as an advocate for reform,
                                                                and 2) managing the secretariat function of the forum. The objective is
                                                                to improve the process of reform design and implementation, and
                                                                ultimately to increase the pace of reform implementation.

Sub-Saharan Africa   Cape Verde          Barrier to Investment   The project (a partnership of the government of Cape Verde, the U.S.     $                676
                                                                 Millennium Challenge Corporation, and IFC) develops the private sector
                                                                 in four priority areas: tourism, financial services, transportation, and
                                                                 entrepreneurship. The objective is to remove constraints to growth of
                                                                 the private sector, and to increase the country’s competitiveness.

Sub-Saharan Africa   Congo, Democratic   Alternative             The project develops an integrated approach to artisanal and small-        $              426
                     Republic of         Livelihoods             scale mining, providing a strategic road map and practical
                                                                 recommendations specific to its implementation in the Democratic
                                                                 Republic of Congo’s southern province of Katanga. The objective is to
                                                                 contribute to a better understanding of artisanal and small-scale mining,
                                                                 and to rally key players around a set of agreed-upon actions to improve
                                                                 the miners’ lives and their relationships with larger mining operations in
                                                                 and around Kolwezi, Katanga.




                                                                      Page 40 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region                 Country            Project                                Project Description                                    Funding
                                                                                                                                          (US$ Thousands)
Sub-Saharan Africa   Congo, Democratic    SME Development    The project provides business advisory services to new and existing         $            2,600
                     Republic of          Program            enterprises in the Democratic Republic of Congo, a frontier country just
                                                             coming out of a major political and social crisis. The objectives are 1) to
                                                             build the capacity of business development service providers and
                                                             business membership organizations; 2) to build capacity of SMEs
                                                             through skills development for SME owners and managers; and 3) to
                                                             expand the country’s SME sector through support at multiple levels and
                                                             through linkages with large firms.
Sub-Saharan Africa   Eastern Africa Region East African      The project assists in fine tuning the business model and commercial        $              75
                                           Submarine Cable   structure for the East Africa Submarine Cable System project. The
                                           System            ultimate objective is to increase international telecommunications
                                                             capacity available to the countries in the East African Region more than
                                                             twenty fold and reduce prices by at least 20 percent.

Sub-Saharan Africa   Eastern Africa Region East African      The project assists in reviewing the regulatory and licensing frameworks $                 30
                                           Submarine Cable   required for implementing the East Africa Submarine Cable System
                                           System            project. The ultimate objective is to increase international
                                                             telecommunications capacity available to the countries in the East
                                                             African Region more than twenty fold and reduce prices by at least 20
                                                             percent.
Sub-Saharan Africa   Ghana                Mortgage Market    The project provides advisory services to open the primary mortgage          $          1,757
                                          Initiative         market in Ghana through 1) improving supportive processes and
                                                             industries; 2) assisting government with the legal, tax, and regulatory
                                                             framework for mortgage finance; and 3) helping financial institutions
                                                             develop and launch mortgage products. The objective is to enhance the
                                                             capacities of lenders, to improve lives through better housing, and to
                                                             stimulate the growth of supporting and downstream industries, including
                                                             SMEs.
Sub-Saharan Africa   Ghana                Advans Ghana       The project supports the creation of Advans Ghana, a greenfield              $          3,177
                                                             microfinance savings and loan institution, in cooperation with La
                                                             Fayette Investissement (sponsor) and Horus (technical service
                                                             provider). The objectives are 1) to contribute directly to poverty
                                                             reduction through the deeper and broader range of services provided to
                                                             low-income families and microentrepreneurs, 2) to accelerate the
                                                             extension of financial infrastructure (such as credit bureaus) that
                                                             provide benefits for clients and financial sector entities, and 3) to have a
                                                             demonstration effect.




                                                                  Page 41 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                               Total Estimated
      Region                 Country             Project                                   Project Description                                    Funding
                                                                                                                                              (US$ Thousands)
Sub-Saharan Africa   Ghana                Lighting the Bottom of The project encourages African and international lighting companies to      $            2,765
                                          the Pyramid            provide modern, affordable off-grid lighting products that can compete
                                                                 commercially against and displace traditional lighting technology
                                                                 (kerosene, paraffin, candles, firewood), currently the only option for a
                                                                 large number of households and small businesses in Ghana. The
                                                                 objective is to create a private sector-based, self-sustaining market for
                                                                 lighting products that will directly benefit very low-income households
                                                                 and small businesses, and reduce harm to the environment.

Sub-Saharan Africa   Ghana                Newmont                The project adds value to IFC’s investment in the operations of            $               60
                                                                 Newmont Gold Ghana Limited, through advisory support on issues
                                                                 relating to female employment and through promotion of women’s
                                                                 entrepreneurship. The objective is to enhance the growth and
                                                                 performance of MSMEs in Ghana, thereby strengthening the private
                                                                 sector in the area and contributing to poverty reduction and
                                                                 employment.
Sub-Saharan Africa   Ghana                Ahafo SME Linkage      The project assists communities impacted by the Ahafo Gold Project in $                 2,100
                                          Program                Ghana through 1) building capacity of local businesses in sectors
                                                                 important to the mining industry; 2) promoting opportunities for
                                                                 nonmining enterprises; and 3) building capacity of local institutions that
                                                                 promote entrepreneurship in the area. The objective is to contribute to
                                                                 sustainable economic growth, stable living conditions, and low risks of
                                                                 social turmoil.
Sub-Saharan Africa   Guinea               Community              The project reviews community development initiatives in the seven         $              167
                                          Development            operating industrial mines in Guinea, and assesses impacts achieved
                                          Framework              and lessons learned. The objectives are 1) to prepare a ―Framework for
                                                                 Mining-based Community Development in Guinea‖ to serve as a guide
                                                                 for the country’s present and future industrial mines; and 2) to offer
                                                                 policy-based recommendations for government and mining companies
                                                                 to improve community development and build partnerships.

Sub-Saharan Africa   Kenya                Investments and        The project provides tailored advisory services to I&M Bank in Kenya,   $                 100
                                          Mortgages Bank         implementing the recommendations of an earlier diagnostic review. The
                                                                 objective is to develop and implement an SME customer profitability
                                                                 methodology that will enable the bank to take a differentiated business
                                                                 approach to subsegments and individual customer accounts within the
                                                                 overall SME portfolio.




                                                                      Page 42 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                                Total Estimated
      Region                 Country             Project                                    Project Description                                    Funding
                                                                                                                                               (US$ Thousands)
Sub-Saharan Africa   Kenya                Investment Climate     The project assists the government of Kenya in improving the                 $              600
                                          Reform                 investment climate, by reducing regulatory costs and risks for
                                                                 businesses, and by building capacities in the public and private sectors
                                                                 for improved regulatory quality. The objective is a business-friendly
                                                                 regulatory environment, plus support for long-term developmental
                                                                 impacts such as sustained growth and investment, job creation, and
                                                                 enterprise formalization.
Sub-Saharan Africa   Kenya                Industrial Promotion   The project helps Industrial Promotion Services Ltd. with a cleaner-         $              50
                                          Services Limited       production audit of five of its subsidiaries involved in manufacturing
                                                                 operations in Kenya. The objective is to introduce measures for energy
                                                                 efficiency and water-use savings at the five subsidiaries’ operations,
                                                                 and potentially encourage the management of other manufacturers and
                                                                 companies in East Africa to adopt cleaner-production practices.

Sub-Saharan Africa   Kenya                Tourism Promotion      The project assists Tourism Promotion Services East Africa Ltd. in      $                   32
                                          Services East Africa   undertaking a cleaner-production audit of three hotel operations in
                                          Ltd.                   Kenya. The objective is to introduce measures for energy efficiency and
                                                                 water-use savings at the company’s operations, and potentially to
                                                                 encourage other hotel owners and management companies in East
                                                                 Africa to adopt cleaner-production practices in their operations.

Sub-Saharan Africa   Kenya                Lighting the Bottom of The project encourages African and international lighting companies to       $           2,765
                                          the Pyramid            provide modern, affordable off-grid lighting products that can compete
                                                                 commercially against and displace traditional lighting technology
                                                                 (kerosene, paraffin, candles, firewood), currently the only option for a
                                                                 large number of households and small businesses in Kenya. The
                                                                 objective is to create a private sector-based, self-sustaining market for
                                                                 lighting products that will directly benefit very low-income households
                                                                 and small businesses, and reduce harm to the environment.

Sub-Saharan Africa   Kenya                Africa Private Schools A roll-out of a successful pilot in Ghana, the project extends support for   $           1,250
                                          Program                private schools into Kenya. The objective is to improve the quality and
                                                                 expand the capacity of private schooling, thereby supporting the
                                                                 country’s education Millennium Development Goals.
Sub-Saharan Africa   Kenya                Value Chain Analysis The project assists IFC in identifying and structuring effective advisory      $              95
                                                                 services and investment in the Kenyan dairy industry. The objective is
                                                                 to create growth and efficiency improvements in the industry.




                                                                       Page 43 of 63
                                         IFC Advisory Services Projects Approved During FY07
                                                                                                                                                Total Estimated
      Region                   Country             Project                                Project Description                                      Funding
                                                                                                                                               (US$ Thousands)
Sub-Saharan Africa   Liberia                Microfinance        The project takes advantage of the recent stability of postconflict           $              500
                                            Promotion           Liberia, combined with a supportive government and high demand for
                                                                microfinance, to assist with the creation of a sustainable, best practice,
                                                                commercial microfinance institution. The objective is to strengthen the
                                                                country’s financial sector.
Sub-Saharan Africa   Liberia                Liberian Bank for   The project provides strategic and operational support to the                 $             500
                                            Development and     management of the Liberian Bank for Development and Investment, the
                                            Investment          only indigenous bank in Liberia. The objective is to strengthen the
                                                                bank's current operations, expand its outreach to promising new
                                                                business areas, and position it as an effective and sustainable channel
                                                                of financial services to the Liberian economy.
Sub-Saharan Africa   Liberia                Private Sector      The first of a potentially multiyear work plan in postconflict Liberia, the   $             635
                                            Development         project provides tangible short- and medium-term results by 1) reducing
                                                                barriers to formalization; 2) improving investment policy framework,
                                                                legislation, and institutions; and 3) supporting reform of private sector
                                                                development through improved public-private dialogue. The objective is
                                                                to transform the country’s investment climate, leading to business
                                                                growth and increased employment.
Sub-Saharan Africa   Liberia                Transport Sector    The project investigates the port and airport sectors in Liberia. The         $              51
                                            Review              objective is to provide IFC with an independent evaluation of potential
                                                                private sector opportunities in these sectors.
Sub-Saharan Africa   Liberia                Private Sector      The project provides advice to the government of Liberia. The objective       $           1,640
                                            Development         is an effective introduction of private sector participation into the
                                                                country's power sector.
Sub-Saharan Africa   Liberia                Palm Oil Sector     The project assesses the economic competitiveness of Liberia’s palm           $             160
                                            Review              oil sector (for agronomic sustainability, developmental impact, and cost
                                                                competitiveness) for IFC and the government of Liberia. The objective
                                                                is to forward the sector’s rehabilitation and expansion, and if warranted
                                                                identify investment opportunities and constraints.
Sub-Saharan Africa   Madagascar             AccésBanque         The project supports the creation of AccesBanque Madagascar, a                $           2,553
                                            Madagascar          greenfield microfinance bank, in cooperation with Access Holdings and
                                                                Luso Financial Services. The objectives are 1) to contribute directly to
                                                                poverty reduction through the deeper and broader range of services
                                                                provided to low-income families and microentrepreneurs, 2) to
                                                                accelerate the extension of financial infrastructure (such as credit
                                                                bureaus) that provide benefits for clients and financial sector entities,
                                                                and 3) to have a demonstration effect.




                                                                     Page 44 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                           Total Estimated
      Region               Country             Project                                 Project Description                                    Funding
                                                                                                                                          (US$ Thousands)
Sub-Saharan Africa   Madagascar         Informality Survey   The project examines sources of informal economic behavior in               $              200
                                                             Madagascar by region. The objective is to identify the procedural
                                                             barriers to formalizing, and to offer concrete policy recommendations
                                                             (including educating informal firms on the long-term gains from formal
                                                             activities, and encouraging firms to formalize by reducing bureaucratic
                                                             hurdles and providing incentives) for shifting economic activity to the
                                                             formal economy.
Sub-Saharan Africa   Madagascar         Investment Climate   The project supports the government of Madagascar in its efforts to         $           2,000
                                        Reform               introduce regulatory reform and to promote foreign direct investments.
                                                             The objective is to create 1) a shorter and cheaper business start-up
                                                             process, a simplified, more equitable and efficient tax system, and
                                                             simple, transparent, and speedy customs procedures; and 2) an
                                                             investment climate conducive to accelerating foreign and domestic
                                                             investment.
Sub-Saharan Africa   Madagascar         Anosy Region         The project provides assistance to the Anosy region in Madagascar.          $           2,200
                                        Community            The objectives are 1) to work with government, community planners,
                                        Development          civil society, and corporations to establish and launch a community
                                                             development foundation; 2) to create a replicable regional community
                                                             development and cooperation model, involving private sector, civil
                                                             society, and local governments; and 3) to implement the Anosy
                                                             community development action plan.
Sub-Saharan Africa   Malawi             NBS Bank Limited     The project combines capacity-building advisory services with direct        $             872
                                                             IFC investment to help financial intermediaries in Malawi provide better
                                                             service for MSMEs. The objective is to enable New Building Society
                                                             Bank to expand and improve its lending activities to MSMEs through a
                                                             newly established MSME unit, and to deepen and broaden the African
                                                             financial sector and raise the standard of financial services provided to
                                                             MSMEs.
Sub-Saharan Africa   Mauritania         Generale de Banque   The project provides advisory services to Generale de Banque de             $              50
                                        de Mauritanie        Mauritanie and women’s associations. The objective is to increase the
                                                             bank’s ability to service women customers and to provide value-added
                                                             services and training to women's organizations, to help them develop
                                                             and improve skills, and to enable them to access the line of credit.

Sub-Saharan Africa   Mozambique         Socremo Banco de     The project provides advisory services and funding to Socremo in       $                2,796
                                        Microfinanças SA     Mozambique. The objective is to support product development, capacity
                                                             building, and commercialization of the institution, and to support the
                                                             growth and expansion of Socremo into underserved areas of
                                                             Mozambique outside of Maputo.




                                                                  Page 45 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                                Total Estimated
      Region                 Country             Project                                   Project Description                                     Funding
                                                                                                                                               (US$ Thousands)
Sub-Saharan Africa   Mozambique           Leasing Sector Study The project evaluates the current status of the leasing industry in            $               80
                                                                Mozambique, addressing the market demand and the legal and
                                                                regulatory framework for leasing. The objective is to develop a leasing
                                                                program to increase access to finance for local MSMEs.
Sub-Saharan Africa   Mozambique           Mbank                 The project assists a mobile banking (MBank) consortium in                    $           1,500
                                                                Mozambique by 1) conducting a feasibility study; 2) helping the
                                                                consortium develop a business plan; and 3) developing a
                                                                comprehensive budget, financial model, and implementation plan,
                                                                including provisions for financing and advisory services support. The
                                                                objective is to improve delivery of and access to financial and banking
                                                                services in peri-urban and rural areas by introducing a mobile banking
                                                                platform (connecting cell phone users to bank services) into the
                                                                marketplace.
Sub-Saharan Africa   Namibia              Investment Policy     The project assists the government of Namibia in improving the system         $             256
                                          Reform                of investment incentives, investment promotion, and related investment
                                                                legislation. The objective is to improve the country’s rates of foreign and
                                                                domestic investment.
Sub-Saharan Africa   Niger                Investment Climate    The project designs solutions to improve Niger’s Doing Business               $             663
                                          Reform                indicators in the areas of business registration, administrative barriers,
                                                                and tax policy. The objective is to help Niger improve the ease of doing
                                                                business, to establish a prioritized national action plan for reform, and
                                                                to catalyze tax reforms.
Sub-Saharan Africa   Nigeria              Credit Bureau Nigeria The project provides advisory services to support the efforts of several      $              95
                                                                major Nigerian banks. The objective is to establish a private credit
                                                                bureau (registered and backed by the banks) in Nigeria.
Sub-Saharan Africa   Nigeria              Diamond Bank          The project, in combination with direct IFC investment, provides              $           2,000
                                                                advisory services to Diamond Bank in Nigeria to build capacity for
                                                                expansion of its MSME lending. The objective is to deepen and broaden
                                                                the country’s financial sector, and to raise the standard of financial
                                                                services provided to MSMEs.
Sub-Saharan Africa   Nigeria              Eleme                 The project assists Eleme Petrochemicals in 1) building its capacity and      $             200
                                          Petrochemicals        the capacity in the community to engage in a constructive dialogue on
                                          Community             development needs and expectations, and 2) designing and
                                          Development           implementing a successful community-development program. The
                                                                objective is to establish community-development best practice, and to
                                                                have a demonstration impact on the petroleum industry in the Niger
                                                                Delta.
Sub-Saharan Africa   Nigeria              Hygeia Nigeria        The project provides advisory services to Hygeia Nigeria Limited,             $             145
                                          Limited               Nigeria's premier health care company. The objective is for the
                                                                company to attain international accreditation for its hospitals, and to
                                                                develop good practices regarding the risk management of its health
                                                                maintenance organization business.
                                                                      Page 46 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                            Total Estimated
      Region               Country             Project                                 Project Description                                     Funding
                                                                                                                                           (US$ Thousands)
Sub-Saharan Africa   Nigeria            Socketworks          The project assists Socketworks (a rapidly growing Nigeria-based             $              245
                                                             information technology company) in its transition from a small,
                                                             entrepreneurial start-up organization to a medium-size company with
                                                             appropriate corporate governance, administrative practices, HR
                                                             practices, and internal controls. The objective is for the company to
                                                             expand into other parts of Africa (initially Ghana, Liberia, Sierra Leone,
                                                             Uganda, and Kenya) and South Asia.
Sub-Saharan Africa   Nigeria            Quality Management   The project assists in upgrading the skills of a selected group of           $           2,893
                                                             companies in Nigeria that have the potential to become qualified
                                                             fabricators for the offshore and subsea market. The objectives are 1) to
                                                             bring their performance into compliance with ISO 9001 Quality
                                                             Management Systems requirements, and other relevant standards on
                                                             safety and environment, to prepare them for certification; and 2) to
                                                             enable these companies to handle complex fabrication projects for the
                                                             oil and gas industry, among others, in compliance with the EN729
                                                             Quality requirements for welding.
Sub-Saharan Africa   Nigeria            Corporate            The project is a survey to evaluate the current level of corporate           $              90
                                        Governance Survey    governance practices in the Nigerian banking sector. The objective is to
                                                             review the banks’ corporate governance practices after consolidation,
                                                             identify problem areas, and determine the appropriateness of
                                                             interventions and advisory services.
Sub-Saharan Africa   Rwanda             Investment Climate   The project provides assistance to the Rwanda Private Sector                 $             500
                                        Reform               Federation. The objective is to establish a forum for productive dialogue
                                                             on improving the investment climate and strengthening the private
                                                             sector's effectiveness in advocating for reform.
Sub-Saharan Africa   Rwanda             Hôtel des Mille      The project assists Hôtel des Mille Collines in undertaking a cleaner-       $              26
                                        Collines             production audit of its existing operation in Rwanda. The objective is to
                                                             introduce measures for energy efficiency and water-use savings at the
                                                             company’s operations, and potentially to encourage other hotel owners
                                                             and management companies in Rwanda and neighboring countries to
                                                             adopt cleaner-production practices in their operations.

Sub-Saharan Africa   Rwanda             Rwandair Express     The project assists the government of Rwanda in identifying strategic        $             988
                                                             options for the privatization of Rwandair. The objective is to create a
                                                             sustainable private sector air carrier, thus relieving the government of
                                                             the obligation of subsidizing an unprofitable concern, and at the same
                                                             time providing a much needed air bridge to the outside world.




                                                                  Page 47 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                                  Total Estimated
      Region               Country             Project                                     Project Description                                       Funding
                                                                                                                                                 (US$ Thousands)
Sub-Saharan Africa   Rwanda             Electricity Generation The project provides professional engineering advisory services for the          $            2,200
                                        Plant                  design of an electricity-generation plant and refugee-safety
                                                               enhancement facility in Rwanda. The objective is to facilitate a solid and
                                                               financeable design; to ensure reduced risk of lake eruption (enhancing
                                                               the safety of the 2 million people living in the vicinity); to reduce the cost
                                                               of electricity by at least one-third and double its availability; and to
                                                               establish a reliable source of fully renewable energy.

Sub-Saharan Africa   Senegal            Private Schools         The project is the pre-implementation phase of the replication of a            $              141
                                        Financing               successful pilot in Ghana; it explores the practicality of a risk-sharing
                                                                facility with a financial institution in Senegal for local-currency loans to
                                                                private schools. The objective is to research the viability of the financing
                                                                facility, and to identify the nonfinancial issues in the sector so as to draft
                                                                the design of an Advisory Services program.

Sub-Saharan Africa   Senegal            Senelec                 The project provides a technical review of draft bidding and power-  $                         20
                                                                purchase documents prepared by Senelec. The objective is to propose
                                                                any necessary amendments to the drafts, in support of a new 100–130-
                                                                megawatt heavy-fuel-oil independent power producer in Senegal.

Sub-Saharan Africa   Senegal            Access to Finance       The project provides advisory services for financial institutions and           $              60
                                                                female entrepreneurs in Senegal. The objective is to implement an
                                                                access to finance program for women entrepreneurs, consisting of an
                                                                IFC credit facility.
Sub-Saharan Africa   Sierra Leone       ProCredit Bank          The project supports the creation of ProCredit Sierra Leone, a                  $           3,680
                                                                greenfield microfinance bank, in cooperation with ProCredit Holding
                                                                (sponsor) and IPC (technical service provider). The objectives are 1) to
                                                                contribute directly to poverty reduction through the deeper and broader
                                                                range of services provided to low-income families and
                                                                microentrepreneurs, 2) to accelerate the extension of financial
                                                                infrastructure (such as credit bureaus) that provide benefits for clients
                                                                and financial sector entities, and 3) to have a demonstration effect.

Sub-Saharan Africa   Sierra Leone       Business Enabling       The project assists Sierra Leone in enhancing public-private dialogue     $                 1,032
                                        Environment Forum       on improving the country’s business environment. The objective is to
                                                                accelerate implementation of reforms advanced by the Foreign
                                                                Investment Advisory Service.
Sub-Saharan Africa   Sierra Leone       Business Enabling       The project supports efforts in Sierra Leone to make it easier to operate $                   448
                                        Environment             a business, specifically lowering the compliance costs associated with
                                                                taxation and customs. The objective is greater private sector activity in
                                                                Sierra Leone, resulting in increased growth and employment.


                                                                      Page 48 of 63
                                       IFC Advisory Services Projects Approved During FY07
                                                                                                                                               Total Estimated
      Region                 Country             Project                                   Project Description                                    Funding
                                                                                                                                              (US$ Thousands)
Sub-Saharan Africa   South Africa         SME Banking            The project works with financial institutions, credit reporting companies   $            2,800
                                                                 and bureaus, and existing business services programs in South Africa
                                                                 to 1) improve credit information on SME lending, 2) equip banks to
                                                                 serve SMEs through efficient, high volume lending operations, and 3)
                                                                 enable banks to draw benefits from existing business development
                                                                 service programs. The objective is to support and accelerate SME
                                                                 lending in South Africa.
Sub-Saharan Africa   South Africa         Thandi Farms           The project develops a sustainable model for land transformation in         $           1,876
                                                                 South Africa, focusing on the fruit industry (representing 77 percent of
                                                                 the country’s agricultural exports). The objectives include transferring
                                                                 ownership of 35 commercial farms to black farm workers, providing
                                                                 access to international supermarket chains, generating foreign
                                                                 exchange earnings, creating new jobs, improving the work environment
                                                                 for women, increasing HIV/AIDS awareness, building capacity of black
                                                                 farm owners and workers, and increasing black equity and the
                                                                 proportion of female farm owners.
Sub-Saharan Africa   South Africa         Lonmin                 The project helps Lonmin Plc (the world's third-largest primary platinum    $           2,500
                                                                 producer) and its subsidiaries promote sustainable economic
                                                                 development in the area surrounding its mining operations. The
                                                                 objectives are 1) to develop, expand, and mechanize the mines; 2) to
                                                                 finance transactions regarding broader and more equitable ownership;
                                                                 and 3) to develop a comprehensive Advisory Services program to
                                                                 strengthen the company’s social sustainability.

Sub-Saharan Africa   Sudan                Removing Barriers to The project helps the government of Southern Sudan develop and                $           2,502
                                          Investment             implement an investment climate reform program in priority areas that
                                                                 support creation of an environment conducive to investments. The
                                                                 objective is to reduce the cost of doing business and increase the
                                                                 number of new businesses in Southern Sudan.
Sub-Saharan Africa   Sudan                Administrative         The project assists the federal government of the Republic of Sudan in      $           1,808
                                          Barriers to Investment improving the country's investment climate through a prioritized reform
                                                                 program. The objective is the systematic removal of identified barriers
                                                                 to investment at the federal level, including institutional and capacity
                                                                 constraints that may hinder successful implementation of reforms.




                                                                      Page 49 of 63
                                    IFC Advisory Services Projects Approved During FY07
                                                                                                                                      Total Estimated
      Region              Country             Project                                  Project Description                               Funding
                                                                                                                                     (US$ Thousands)
Sub-Saharan Africa   Tanzania          AccessBank Tanzania The project supports the creation of AccessBank Tanzania, a greenfield $              2,375
                                                           microfinance institution. The objectives are 1) to contribute directly to
                                                           poverty reduction in Tanzania; 2) to develop the financial sector by
                                                           deepening and broadening the range of banking services available to
                                                           low-income families and microentrepreneurs; 3) to strengthen the
                                                           financial sector by establishing a professionally managed microfinance
                                                           institution with financial and operational relationships with mainstream
                                                           banks; and 4) to boost the local microfinance sector through increased
                                                           competition and demonstration effect.

Sub-Saharan Africa   Tanzania          Bonite Bottlers       The project provides financial and advisory assistance to Bonite            $        134
                                       Limited               Bottlers Limited (a locally owned soft-drinks bottling company based in
                                                             Moshi, Tanzania, that is expanding its plant), teaming up an
                                                             international consulting firm and a local consultant to complete the
                                                             assignment. The objective is to provide an integrated management
                                                             information system for the bottler, while building the capacity of the
                                                             local consulting firm.
Sub-Saharan Africa   Tanzania          Exim Bank             The project provides advisory services to complement a line of credit to    $        350
                                                             Exim Bank of Tanzania. The objective is to support lending to women
                                                             entrepreneurs by enhancing the bank's capacity to serve women
                                                             clients, thereby increasing women’s access to finance.
Sub-Saharan Africa   Uganda            Mortgage Funding      Complementing an IFC investment initiative to address Uganda’s              $      1,630
                                       Program               extreme housing shortage (driven by inadequate construction finance),
                                                             the project provides advisory services to 1) launch modern mortgage
                                                             lending operations within participating primary lending institutions, 2)
                                                             improve the legal and regulatory framework for mortgage finance, and
                                                             3) develop and strengthen institutions and processes that support the
                                                             mortgage market. The objective is to foster the large-scale development
                                                             of an efficient, private sector-driven primary mortgage market in
                                                             Uganda.
Sub-Saharan Africa   Uganda            Investor Outreach     The project helps the Uganda Investment Authority and sectoral              $        456
                                       Program               investment-promotion intermediaries reach out to international
                                                             investors. The objective is to attract foreign direct investment, and to
                                                             build Uganda's investment-promotion skills and internal production and
                                                             export capacity.
Sub-Saharan Africa   Uganda            Business Skills       The project develops a training curriculum to teach women                   $        167
                                       Curriculum            entrepreneurs in Uganda how to develop business plans, and to use
                                                             them to obtain formal financing. The objective is to increase women's
                                                             access to finance; and to replicate the training across Africa to support
                                                             IFC programs with financial institutions.



                                                                  Page 50 of 63
                                     IFC Advisory Services Projects Approved During FY07
                                                                                                                                             Total Estimated
        Region             Country             Project                                   Project Description                                    Funding
                                                                                                                                            (US$ Thousands)
Sub-Saharan Africa   Uganda             DFCU Limited         The project provides advisory services to support an IFC investment in        $               95
                                                             Development Finance Company of Uganda Limited, a portion of which
                                                             will be used to establish an access to finance program for women
                                                             entrepreneurs. The objective is to enhance the institution’s capacity to
                                                             lend to women entrepreneurs, thereby increasing their access to
                                                             finance.
Sub-Saharan Africa   Zambia             Independent Power    The project assists the government of Zambia in bidding out its first         $           4,215
                                        Producer             competitively procured independent power producer. The objective is to
                                                             support the country’s economic growth and reestablish its credibility
                                                             with investors; and to establish a model for processes and
                                                             documentation for future private participation in the sector.
World                Netherlands        Regulatory Reform    The project reviews the Dutch government's highly successful                  $              63
                                        Review               2005–2007 Administrative Simplification Programme, which delivered a
                                                             25 percent reduction of administrative burdens imposed on businesses.
                                                             The objective is to extract lessons that can help World Bank Group
                                                             clients with similar challenges to improve their business regulatory
                                                             environments.
World                United States      Corporate Goverance The project supports the appointment of a corporate governance                 $             350
                                        Knowledge            knowledge management and advisory services support officer to
                                        Management           provide full-time support to all corporate governance advisory services
                                                             projects around the world. The objective is to expand the resources
                                                             available to field-based advisory services project managers and Private
                                                             Enterprise Partnership managers.
World                World Region       Global Housing       The project assists the housing finance market in developing countries        $           3,000
                                        Finance              by enhancing risk management capabilities, developing the
                                                             infrastructure to support the primary mortgage market, fostering the
                                                             enabling environment, strengthening institutional capacity, and
                                                             furthering alternative funding vehicles. The objective is to facilitate the
                                                             availability of affordable mortgage finance to lower-middle-income
                                                             segments of the population.
World                World Region       Global Trade Finance The project provides training in documentary credit operations to             $           4,850
                                        Program              strengthen institutional capacity (skills, techniques, and best practices)
                                                             for trade finance operations in locally owned financial institutions,
                                                             ultimately in more than 25 countries. The objective is for these
                                                             institutions to increase significantly their involvement in international
                                                             and intra-regional import and export transactions.




                                                                    Page 51 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                         Total Estimated
        Region         Country             Project                                   Project Description                                    Funding
                                                                                                                                        (US$ Thousands)
World            World Region       Grassroots            The project provides capacity-building grants, loan guarantees, and          $              750
                                    Entrepreneurship      advisory services to selected financial institutions and business-service
                                                          providers (initially in Brazil and Nigeria) that offer training and mentoring
                                                          to informal or young rural microentrepreneurs. The objective is to
                                                          provide these currently underserved grassroots businesses with first-
                                                          time access to financial markets, helping them graduate into the
                                                          mainstream microfinance system and attain full financial self-
                                                          sustainability and increased operating efficiency.
World            World Region       Financial Markets     The project is the Financial Markets Sustainability fund, offering            $          2,437
                                    Sustainability Fund   products in energy efficiency, renewable energy, carbon finance,
                                                          corporate governance, cleaner production, and sustainable supply
                                                          chain. The objective is to create the awareness, capacity, and
                                                          transaction volume necessary to exploit the business opportunities
                                                          posed by sustainability finance over the short to medium term.
World            World Region       Financial Markets     The project is the Financial Markets Sustainability energy-efficiency         $          1,997
                                    Sustainability Fund   fund, offering products in energy efficiency, renewable energy, carbon
                                                          finance, corporate governance, cleaner production, and sustainable
                                                          supply chain. The objective is to create the awareness, capacity, and
                                                          transaction volume necessary to exploit the business opportunities
                                                          posed by sustainability finance over the short to medium term.

World            World Region       FT Sustainable        The project sponsors an international event to spotlight banks’ progress $                 550
                                    Banking Conference    in integrating social, environmental, and corporate governance
                                                          objectives into their operations while maximizing shareholder value. The
                                                          objectives are 1) to highlight successful initiatives and reward progress,
                                                          and 2) to catalyze further innovation in sustainable banking, encourage
                                                          best practice and transparency as the sector develops, and stimulate
                                                          debate on the role of banks in sustainability.

World            World Region       Sustainable Finance   The project is a pilot training program, Sustainable Finance Academy         $             210
                                    Academy Seminar       Seminar, for executives of financial institutions. The objectives are 1) to
                                                          introduce and explore opportunities for financial institutions to contribute
                                                          in a profitable way to social and environmental sustainability and
                                                          improve the institutions’ management of related risks, and 2) to provide
                                                          senior executives of financial institutions with the vision, education,
                                                          tools, and support necessary to champion sustainable finance in their
                                                          organizations.
World            World Region       Online Learning       The project converts a successful two-day sustainability training            $             250
                                    Center                program for financial institutions into an online learning program. The
                                                          objective is to provide efficient global access to the training program.



                                                               Page 52 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                         Total Estimated
        Region         Country             Project                                   Project Description                                    Funding
                                                                                                                                        (US$ Thousands)
World            World Region       Rural Finance         The project develops scalable generic rural finance products that            $              100
                                                          leverage the full range of IFC advisory and investment resources. The
                                                          objective is to improve access to finance in remote rural markets,
                                                          particularly in frontier markets.
World            World Region       Subnational Technical The project is a multidonor facility (the Sub-National Technical            $            3,000
                                    Assistance Program Assistance program) created and operated by Public-Private
                                                          Infrastructure Advisory Facility to enhance the capacity of subnational
                                                          entities. The objective is to help subnational entities (local governments,
                                                          utilities, and financial intermediaries that finance their investments) to
                                                          prepare and implement viable projects and funding proposals, improve
                                                          their institutional capacity, and raise financing from commercial sources
                                                          to meet essential infrastructure needs.

World            World Region       Global Microfinance    The project works with several microfinance network partners                 $          2,075
                                    Facility               (participants in the creation of investment vehicles to provide risk capital
                                                           to greenfield microfinance institutions), providing a base of advisory
                                                           services to enable these partners to raise additional funds from other
                                                           investors and donors. The objective is to propel IFC’s support of
                                                           microfinance to a new level by boosting the number of sustainable
                                                           microfinance institutions worldwide.
World            World Region       Real Estate            The project assists countries around the world in developing the ability $                400
                                    Investment Trust       to complete Real Estate Investment Trust transactions. The objective is
                                                           to increase access to financing for real estate development, and to
                                                           develop local capital markets.
World            World Region       SME Banking            The project 1) builds knowledge-management tools and structures on           $          4,930
                                    Program                SME banking best practices in emerging markets; 2) hires senior SME
                                                           banking experts; and 3) disseminates best practices in the developing
                                                           world. The objective is to reduce the SME finance gap by fostering the
                                                           desire and ability of financial institutions in emerging markets to target
                                                           the SME segment effectively, and to provide an opportunity for donors
                                                           to participate in the implementation of highly visible deliverables,
                                                           measurable outcomes, and long-term development impact.

World            World Region       Leasing Industry       The project fosters SMEs’ access to medium- and long-term equipment         $           3,360
                                    Development            financing by establishing or strengthening leasing financial services in
                                                           new and existing leasing companies and banks. The objectives are to
                                                           1) address the critical shortage of term funding for SMEs; 2) help
                                                           develop a robust leasing sector; 3) help deepen the financial markets
                                                           and stimulate competition in the financial sector; 4) help SMEs acquire
                                                           assets to expand operations and eventually access credit through
                                                           banks; and 5) generate employment through SME growth.


                                                                Page 53 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                          Total Estimated
        Region         Country             Project                                    Project Description                                    Funding
                                                                                                                                         (US$ Thousands)
World            World Region       Microfinance Network The project helps create 10 microfinance banks (primarily in Sub-              $           10,000
                                    Program               Saharan Africa, Middle East, and Central Asia) that, combined, will
                                                          provide sustained access to financial services for some 120,000 low-
                                                          income entrepreneurs within five years. The objectives are 1) to
                                                          contribute to poverty reduction, 2) to deepen and broaden the range of
                                                          services provided to low-income families and microentrepreneurs, 3) to
                                                          accelerate the extension of the financial infrastructure benefiting clients
                                                          and financial sector entities; and 4) to have a strong demonstration
                                                          effect.
World            World Region       Knowledge             The project prepares knowledge management resources to help with              $             100
                                    Management            reform of private sector development in postconflict countries. The
                                                          objective is to take stock of current reforms in specific countries, and to
                                                          develop a best practice tool kit for broad application in postconflict
                                                          areas.
World            World Region       Business Registration The project explores different countries’ strategies for mobilizing           $             200
                                    Reform                support for (and neutralizing opposition to) business registration reform,
                                                          noting also the heavy influence of governments on local administrations
                                                          during these reforms. The objective is to develop practical insights
                                                          regarding ways to mobilize supporters and neutralize opposition to
                                                          business registration reform, to complement and strengthen the
                                                          Business Registration Toolkit.
World            World Region       Emerging Markets      The project establishes a network of leading private companies in             $             800
                                    Network               emerging markets, beginning with a focus on the financial sector and
                                                          using IFC clients as the initial members. The objective is face-to-face
                                                          and Internet interaction of senior executives, sharing best practices,
                                                          gaining access to cutting-edge information, and engaging in collective
                                                          advocacy on behalf of companies in emerging markets.
World            World Region       Investment            To facilitate assistance to client countries, the project consolidates        $             432
                                    Legislation           lessons learned and best practices in investment law, and provides
                                                          rapid-response advice on foreign direct investment law. The objective is
                                                          to improve client countries’ basic policy and legislation on private
                                                          investment, with a special focus on foreign direct investment.

World            World Region       Business Enabling      The project initiates development of a global database of active      $                    150
                                    Environment Study      companies in each country. The objective is to use these data as
                                                           "impact indicators" 1) for monitoring and evaluation of Business
                                                           Enabling Environment projects, 2) as cross-country benchmarks, and 3)
                                                           for research and analysis of the relationships between Business
                                                           Enabling Environment reforms and the growth in the number of private
                                                           firms.



                                                                Page 54 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                      Total Estimated
        Region         Country             Project                                  Project Description                                  Funding
                                                                                                                                     (US$ Thousands)
World            World Region       Regulatory          The project explores the relevance and applicability (for developing        $              575
                                    Management Tools    countries) of several regulatory management tools used primarily in
                                    Study               developed countries; and it produces tool kits to help reduce regulatory
                                                        costs and risks. The objective is better business regulation and
                                                        predictability, resulting in increased foreign direct investment, economic
                                                        growth, and participation in the formal economy, and a decrease in
                                                        corruption.
World            World Region       Doing Business      The project is the ―product development and fast-track policy advice‖        $            300
                                                        component of the Subnational Doing Business (SDB) product
                                                        development and global roll out support program. The objectives are 1)
                                                        to provide the conditions for the roll out of the SDB product; 2) to further
                                                        test and develop the SDB product; 3) to develop and share knowledge
                                                        resources on this product; 4) to provide training to SDB practitioners;
                                                        and 5) to provide fast-track policy advice for issues identified by the
                                                        subnational benchmarking.
World            World Region       Research and Market The project gathers and synthesizes relevant information about foreign $                   23
                                    Intelligence        direct investment trends for the implementation of Foreign Investment
                                                        Advisory Service programs. The objective is to produce a 50-page
                                                        condensed report on each of 5 sectors, including analyses of the last
                                                        4–5 years and projections for at least 3 years into the future.

World            World Region       Market Intelligence The project assists the Foreign Investment Advisory Service in             $               15
                                    Study               developing a generic module that can be customized for
                                                        implementation across regions and clients. The objective is to support
                                                        the establishing or upgrading of a market-research function within
                                                        investment promotion intermediaries.
World            World Region       Eco-securities      The R&D project works with multiple stakeholders and focuses initially     $              195
                                    Research and        on the concept of asset-backed securitization of sustainably managed
                                    Development         forest assets in developing countries. The objective is to enhance the
                                                        pro-poor and biodiversity-development outcomes of private sector
                                                        financial investment in the forestry industry.
World            World Region       Better Work Program In partnership with the International Labor Organization, the project      $            1,143
                                                        develops a global labor monitoring system, and participates in country
                                                        pilot roll-outs involving discussions with labor authorities, capacity
                                                        building for official labor inspectors and independent labor auditors, and
                                                        training on labor best practices. The objective is to improve working
                                                        conditions in global supply chains in various industries, including
                                                        garment and footwear, plantations, electronic equipment, and light
                                                        manufacturing.




                                                                Page 55 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                      Total Estimated
        Region         Country             Project                                  Project Description                                  Funding
                                                                                                                                     (US$ Thousands)
World            World Region       Community             The project addresses Sustainability Policy and Performance               $              332
                                    Engagement            Standards. The objective is to enhance IFC's implementation of the
                                                          standards, with a special focus on community engagement, an area of
                                                          particular interest to the government of Japan.
World            World Region       Global Leadership     The project promotes the Global Leadership Network. The objective is      $             265
                                    Network               to make best-practice corporate social responsibility resources and
                                                          tools (developed by and for leading CSR firms operating in
                                                          Organisation for Economic Co-operation and Development markets)
                                                          available to an emerging-market audience.
World            World Region       Sustainable Investing The project, which includes a half-day investor workshop and a thought- $               475
                                    Workshop              leadership survey, covers investor outreach, investor tools and training,
                                                          and investment product R&D. The objective is to increase long-term
                                                          sustainable investments in emerging markets.
World            World Region       Aureos Capital        The project provides financial assistance to Aureos Capital Limited, a    $           2,865
                                    Limited               private equity fund management company, to implement health, safety,
                                                          environmental, and social (E&S) improvement projects at its SME
                                                          portfolio companies. The objectives are to 1) strengthen the company's
                                                          capacity to evaluate E&S risks and opportunities in its portfolio
                                                          companies in emerging markets; 2) improve overall operations of the
                                                          SMEs through E&S improvements; 3) demonstrate the correlation of
                                                          financial and E&S performance; and 4) promote replication of positive
                                                          E&S practices by other private equity fund management companies.

World            World Region       GEF Public-Private  The project fosters public-private partnerships. The objectives are to 1) $               190
                                    Partnership         support further elaboration of platforms and mechanisms for private
                                                        sector engagement (public-private partnerships or stand-alone
                                                        projects); 2) support preparation of a proposal(s) for a partnership with
                                                        Prize Capital for a global environmental prize program, initially for small-
                                                        scale, decentralized biofuels; and 3) conduct broader review of potential
                                                        instruments and innovative concepts applicable to Global Environment
                                                        Facility objectives.
World            World Region       Better Work Program The project develops a comprehensive monitoring and evaluation               $            325
                                                        framework to assess the impact of the Better Work program, initially in
                                                        three country pilots (Jordan, Lesotho, and Vietnam); it also supports
                                                        establishment of a Better Work Business Forum. The objective is to
                                                        assess the impact of Better Work on individual company performance,
                                                        country and sector macroeconomic performance, and general human
                                                        indicators in the target countries.




                                                                Page 56 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                      Total Estimated
        Region         Country             Project                                Project Description                                    Funding
                                                                                                                                     (US$ Thousands)
World            World Region       Cleaner Production   The project provides rapid deployment of advisory services to identify     $              200
                                    Intervention         cleaner-production improvement opportunities in the design of projects
                                                         in IFC’s mainstream investment pipeline. The objective is to include
                                                         such opportunities in the financing of IFC’s mainstream projects,
                                                         enhancing their environmental and social performance; and to deliver a
                                                         timely response to maximize the development impact of such
                                                         investments.
World            World Region       Biodiversity and     The project supports global market-transformation efforts and the          $           8,749
                                    Agricultural         adoption of better management practices related to biodiversity in four
                                    Commodities          target commodity sectors: palm oil, soybeans, sugarcane, and cocoa.
                                    Program              The objectives are 1) a strong enabling environment to support cost-
                                                         effective biodiversity preservation at all levels of the value chain; 2)
                                                         biodiversity-friendly production practices and on-farm processing; 3)
                                                         increased mainstream demand for commodities produced using
                                                         biodiversity-friendly techniques; and 4) recognition by financial
                                                         institutions of the economic benefits of such production methods and
                                                         practices.
World            World Region       Public-Private       The project is a study to identify e-government opportunities amenable     $              90
                                    Partnerships         to a public-private partnership approach in client countries. The
                                                         objective is to develop such opportunities into implementable IFC and
                                                         World Bank projects, potentially enhancing the range and quality of
                                                         public services to citizens and businesses, and expanding opportunities
                                                         for the private sector.
World            World Region       Public-Private       The project assists governments in the identification, preparation, and    $           2,900
                                    Partnerships         implementation of public-private partnerships in health and education.
                                                         The objective is to improve public access and outcomes in health and
                                                         education; and to increase the efficiency and effectiveness of
                                                         government spending on health and education.
World            World Region       Public-Private       The project is an IFC Business Line contribution. The objective is to      $             250
                                    Infrastructure       support the Public-Private Infrastructure Assistance Facility managed
                                                         by the World Bank.
World            World Region       Corporate            The project sponsors research on corporate governance in developing        $             196
                                    Governance Forum     countries. The objectives are 1) to inform regional and local champions
                                                         of corporate governance practice and policy reform; 2) to help shape
                                                         the corporate governance reform agenda regionally and globally; and 3)
                                                         ultimately to help improve the investment climate, develop local
                                                         financial markets, and build the foundation for stronger companies
                                                         through better informed decision making.




                                                              Page 57 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                          Total Estimated
        Region         Country             Project                                    Project Description                                    Funding
                                                                                                                                         (US$ Thousands)
World            World Region       Global Banking          The Gender Entrepreneurship Markets project hosts the Secretariat of        $              135
                                    Alliance for Women      the Global Banking Alliance for Women, a consortium of financial
                                                            institutions that have successfully leveraged the women's market for
                                                            profit and social good. The objective is to use this unique advantage (of
                                                            being the foremost repository of best practices for banks regarding the
                                                            women's market) to encourage financial institutions in developing
                                                            countries to expand their reach into the underserved women's market.

World            World Region       Curriculum Design       The project is developing a core director-training curriculum for           $             150
                                    and Development         Corporate Governance Leadership Programs. The objective is to build
                                                            capacity for corporate governance reform in developing markets.

World            World Region       Corporate               The project researches the importance of cooperatives in African            $              60
                                    Governance              economies and their need for assistance with corporate governance
                                                            issues. The objective is to improve the competitiveness of cooperatives
                                                            by raising the standards of their corporate governance practices.

World            World Region       Entrepreneurial         The project replicates a successful Grassroots Business Initiative model $                850
                                    Development for         combining for-profit income generation and creation of employment with
                                    Trafficked Victims      social activities, specifically focused on re-integrating victims of modern
                                                            slavery and trafficking through creating jobs and strengthening revenue-
                                                            generating entrepreneurial activities. The objective is to preserve the
                                                            social mission of the local organizations, while making their operations
                                                            more professional, creating more transparency, and providing them with
                                                            necessary financing.

World            World Region       Private Equity Policy   The project is a study to answer questions such as: Why do 15 percent $                   143
                                    Study                   of people employed in the United Kingdom work for private equity (PE)-
                                                            backed firms but the figure is negligible for Germany and Mexico? What
                                                            policy elements are especially conducive? Why has PE been relatively
                                                            successful in South Africa but not in Thailand? The objective is to
                                                            develop an expertise (that does not exist in any institution) on this asset
                                                            class of potentially high value addition for SMEs.

World            World Region       Gender                  The project produces, publishes, and disseminates a variety of            $               315
                                    Entrepreneurship        research materials and tools on gender issues in private sector
                                                            development. The objective is to inform policy makers, women
                                                            entrepreneurs, donors, and IFC staff, and to provide them with the tools
                                                            to design interventions targeting women entrepreneurs, and potentially
                                                            enabling replication of the interventions (with appropriate modification)
                                                            across regions.


                                                                 Page 58 of 63
                                 IFC Advisory Services Projects Approved During FY07
                                                                                                                                     Total Estimated
        Region         Country            Project                                  Project Description                                  Funding
                                                                                                                                    (US$ Thousands)
World            World Region       Gender               The project is an expansion of the Gender Entrepreneurship Markets        $               98
                                    Entrepreneurship     initiative, to support work on knowledge management and increase the
                                    Markets              work on access to finance for women entrepreneurs in emerging
                                                         markets. The objectives are 1) to provide advisory services to financial
                                                         intermediaries that deliver financial services and business support to
                                                         women; 2) to address gender barriers in the business environment; and
                                                         3) to support IFC investment projects to ensure that gender is taken into
                                                         consideration as appropriate.
World            World Region       Angel Club Global    The project facilitates Angel Clubs (investors who support start-up       $             400
                                                         companies through mentoring and first-phase financing) in a number of
                                                         developing countries, beginning with Indonesia and Mali. The objective
                                                         is to improve the economic viability and sustainability of the assisted
                                                         micro and small enterprises by harnessing the resources and support of
                                                         the local business community.
World            World Region       Waste Paper Supply   The project responds to client demand for help in improving upstream      $              90
                                    Chain                waste-paper collection systems. The objectives are 1) to ensure the
                                                         quality of linkages programs in waste-paper supply chains through
                                                         international best practices; 2) to facilitate replication of waste-paper
                                                         supply-chain programs across clients, regions, and IFC facilities; 3) to
                                                         reduce lead time from program identification to implementation; and 4)
                                                         to facilitate knowledge sharing among pulp-and-paper sector IFC clients
                                                         relying on waste paper.

World            World Region       Gender               The project provides staff-salary funding for IFC Gender                  $           2,000
                                    Entrepreneurship     Entrepreneurship Markets for FY08/09. The objective is to fulfill IFC’s
                                    Markets              commitment to gender mainstreaming and the World Bank Group
                                                         gender action plan.




                                                              Page 59 of 63
                                IFC Advisory Projects FY07 Approvals                      Page 60 of 63


Region                                        (All)

Country                                       Data                                     Total
Afghanistan                                   Count of Project                                   4
                                              Sum of Total Estimated Funding ($'000)         796.5
Africa Region                                 Count of Project                                  20
                                              Sum of Total Estimated Funding ($'000)       35623.0
Albania                                       Count of Project                                   2
                                              Sum of Total Estimated Funding ($'000)        2362.0
Algeria                                       Count of Project                                   2
                                              Sum of Total Estimated Funding ($'000)         375.6
Argentina                                     Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         100.6
Armenia                                       Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         400.0
Azerbaijan                                    Count of Project                                   3
                                              Sum of Total Estimated Funding ($'000)        1214.5
Bangladesh                                    Count of Project                                   3
                                              Sum of Total Estimated Funding ($'000)        4111.0
Belarus                                       Count of Project                                   2
                                              Sum of Total Estimated Funding ($'000)        2103.1
Bosnia and Herzegovina                        Count of Project                                   4
                                              Sum of Total Estimated Funding ($'000)        1450.9
Botswana                                      Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         400.0
Brazil                                        Count of Project                                   5
                                              Sum of Total Estimated Funding ($'000)        7532.5
Bulgaria                                      Count of Project                                   3
                                              Sum of Total Estimated Funding ($'000)        1385.1
Burkina Faso                                  Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         934.3
Cambodia                                      Count of Project                                   2
                                              Sum of Total Estimated Funding ($'000)        1365.2
Cameroon                                      Count of Project                                   4
                                              Sum of Total Estimated Funding ($'000)        3659.2
Cape Verde                                    Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         676.0
Caribbean Region                              Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         153.0
Central America Region                        Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)          57.5
Central Europe Region                         Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         300.0
Chile                                         Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         605.0
China                                         Count of Project                                   8
                                              Sum of Total Estimated Funding ($'000)        7484.6
Colombia                                      Count of Project                                   6
                                              Sum of Total Estimated Funding ($'000)        2068.9
Congo, Democratic Republic of                 Count of Project                                   2
                                              Sum of Total Estimated Funding ($'000)        3025.8
Croatia                                       Count of Project                                   1
                                              Sum of Total Estimated Funding ($'000)         193.0
East Asia and Pacific Region                  Count of Project                                   2
                                              Sum of Total Estimated Funding ($'000)         408.7
                              IFC Advisory Projects FY07 Approvals                      Page 61 of 63


Region                                      (All)

Country                                     Data                                     Total
Eastern Africa Region                       Count of Project                                   2
                                            Sum of Total Estimated Funding ($'000)         105.0
Eastern Europe Region                       Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         364.0
Ecuador                                     Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         299.5
Egypt                                       Count of Project                                  12
                                            Sum of Total Estimated Funding ($'000)        6525.7
Fiji                                        Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         332.0
Ghana                                       Count of Project                                   5
                                            Sum of Total Estimated Funding ($'000)        9858.5
Guinea                                      Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         167.1
Honduras                                    Count of Project                                   2
                                            Sum of Total Estimated Funding ($'000)         505.6
India                                       Count of Project                                  13
                                            Sum of Total Estimated Funding ($'000)       11733.7
Indonesia                                   Count of Project                                  10
                                            Sum of Total Estimated Funding ($'000)        4932.0
Iraq                                        Count of Project                                   2
                                            Sum of Total Estimated Funding ($'000)         180.3
Jordan                                      Count of Project                                   6
                                            Sum of Total Estimated Funding ($'000)         747.0
Kazakhstan                                  Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         745.6
Kenya                                       Count of Project                                   7
                                            Sum of Total Estimated Funding ($'000)        4891.5
Kyrgyz Republic                             Count of Project                                   3
                                            Sum of Total Estimated Funding ($'000)        1164.4
Latin America Region                        Count of Project                                   5
                                            Sum of Total Estimated Funding ($'000)        1687.2
Lebanon                                     Count of Project                                   4
                                            Sum of Total Estimated Funding ($'000)         625.0
Liberia                                     Count of Project                                   6
                                            Sum of Total Estimated Funding ($'000)        3485.5
Macedonia, Former Yugoslav Republic of      Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)          75.0
Madagascar                                  Count of Project                                   4
                                            Sum of Total Estimated Funding ($'000)        6952.5
Malawi                                      Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         872.1
Maldives                                    Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)          23.0
Marshall Islands                            Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)         437.0
Mauritania                                  Count of Project                                   1
                                            Sum of Total Estimated Funding ($'000)          50.0
MENA Region                                 Count of Project                                   5
                                            Sum of Total Estimated Funding ($'000)        3016.5
Mexico                                      Count of Project                                   6
                                            Sum of Total Estimated Funding ($'000)        3517.0
                        IFC Advisory Projects FY07 Approvals                      Page 62 of 63


Region                                (All)

Country                               Data                                     Total
Mongolia                              Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)         185.0
Morocco                               Count of Project                                   5
                                      Sum of Total Estimated Funding ($'000)        1536.6
Mozambique                            Count of Project                                   3
                                      Sum of Total Estimated Funding ($'000)        4376.4
Namibia                               Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)         255.5
Nepal                                 Count of Project                                   2
                                      Sum of Total Estimated Funding ($'000)         122.2
Netherlands                           Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)          63.0
Nicaragua                             Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)          33.0
Niger                                 Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)         662.7
Nigeria                               Count of Project                                   7
                                      Sum of Total Estimated Funding ($'000)        5668.0
Oman                                  Count of Project                                   2
                                      Sum of Total Estimated Funding ($'000)          81.0
Pakistan                              Count of Project                                   9
                                      Sum of Total Estimated Funding ($'000)        3008.1
Panama                                Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)          20.5
Papua New Guinea                      Count of Project                                   3
                                      Sum of Total Estimated Funding ($'000)         488.1
Peru                                  Count of Project                                   3
                                      Sum of Total Estimated Funding ($'000)        3138.3
Philippines                           Count of Project                                   7
                                      Sum of Total Estimated Funding ($'000)        4188.7
Russian Federation                    Count of Project                                   8
                                      Sum of Total Estimated Funding ($'000)        2651.5
Rwanda                                Count of Project                                   4
                                      Sum of Total Estimated Funding ($'000)        3714.5
Samoa                                 Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)         150.0
Saudi Arabia                          Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)         100.0
Senegal                               Count of Project                                   3
                                      Sum of Total Estimated Funding ($'000)         221.3
Serbia                                Count of Project                                   2
                                      Sum of Total Estimated Funding ($'000)         736.0
Sierra Leone                          Count of Project                                   3
                                      Sum of Total Estimated Funding ($'000)        5159.8
Solomon Islands                       Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)          83.2
South Africa                          Count of Project                                   3
                                      Sum of Total Estimated Funding ($'000)        7176.5
Southeast Asia Region                 Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)         350.0
Southern Asia Region                  Count of Project                                   1
                                      Sum of Total Estimated Funding ($'000)       25178.8
                                IFC Advisory Projects FY07 Approvals                       Page 63 of 63


Region                                         (All)

Country                                        Data                                     Total
Southern Europe Region                         Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)        1000.4
Sri Lanka                                      Count of Project                                   5
                                               Sum of Total Estimated Funding ($'000)        4344.0
Sudan                                          Count of Project                                   2
                                               Sum of Total Estimated Funding ($'000)        4309.2
Tajikistan                                     Count of Project                                   5
                                               Sum of Total Estimated Funding ($'000)        1961.6
Tanzania, United Republic of                   Count of Project                                   3
                                               Sum of Total Estimated Funding ($'000)        2859.2
Thailand                                       Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)         216.7
Tonga                                          Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)         337.0
Trinidad and Tobago                            Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)          85.0
Turkey                                         Count of Project                                   3
                                               Sum of Total Estimated Funding ($'000)       10190.0
Uganda                                         Count of Project                                   4
                                               Sum of Total Estimated Funding ($'000)        2347.7
Ukraine                                        Count of Project                                   2
                                               Sum of Total Estimated Funding ($'000)        4700.0
United States                                  Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)         350.0
Uzbekistan                                     Count of Project                                   2
                                               Sum of Total Estimated Funding ($'000)        1896.1
Vanuatu                                        Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)         437.0
Vietnam                                        Count of Project                                   3
                                               Sum of Total Estimated Funding ($'000)        4029.6
West Bank and Gaza                             Count of Project                                   2
                                               Sum of Total Estimated Funding ($'000)         667.8
World Region                                   Count of Project                                  48
                                               Sum of Total Estimated Funding ($'000)       62919.5
Yemen, Republic of                             Count of Project                                   4
                                               Sum of Total Estimated Funding ($'000)        1633.8
Zambia                                         Count of Project                                   1
                                               Sum of Total Estimated Funding ($'000)        4215.0
Total Count of Project                                                                          349
Total Sum of Total Estimated Funding ($'000)                                               319926.6

				
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