IFC 2011
Creating Opportunity
Where It is Needed Most
Oumar Seydi, Director Human Resources
Abdullah Jefri, Investment Officer
Who We Are, What We Do
• IFC is the largest global development finance institution
focused on the private sector – the global leader in private
sector development finance
• Driven by our vision and purpose, we make a unique
contribution to development
• We invest, advise, mobilize capital, and manage assets –
providing solutions for an inclusive and sustainable world
Our vision is that people should have the
opportunity to escape poverty and
improve their lives.
2
A Valuable Partner
We are well-positioned to help clients in good times and bad
We offer:
• A strong financial position
• Low leverage ratios, prudent risk management policies
• A long-term partnership perspective, providing clients
important countercyclical financing when commercial banks
cut back
• The expertise and experience needed to make a difference,
focusing on innovative transactions where our development
impact is the highest – creating opportunity where it is
needed most
• Affiliation with the World Bank
3
IFC’s Global Reach
100+ country and regional offices worldwide
3,500 staff, of which 55% are outside of Washington
Moscow
Almaty
Washington
Istanbul
New Delhi
Cairo
Mexico City
Hong Kong
Dakar
Port-of-Spain
Bogota
Nairobi
São Paulo
Johannesburg
Buenos Aires
IFC HQ/Hub Offices
IFC Operational Center
IFC Country Offices
4
Our Core Businesses
Investment
Services
Advisory
Services
• Loans
• Access to finance
• Equity
• Sustainable
Business
• Trade finance
• Syndications
• Securitized finance
• Other financial products
$55.2 b
portfolio
• Investment
Climate
• Public-Private
Partnerships
$200m
per year
5
Asset
Management
Company
• Wholly owned
subsidiary of IFC
• Private equity fund
manager
• Invests third-party
capital alongside IFC
$4.1b
under
mgmt
The Reach of IFC’s Projects
IFC’s activities help raise living standards
for people throughout the developing world
Last year our clients provided:
• 2.2 million jobs
• $112 billion in micro, small, and medium enterprise loans
• 8 million patients with health care treatment
• 35 million people with clean water
• 29 million people with power connections
• 1.4 million students with education services
6
Financing Criteria
• Located in a developing country that is a member of IFC
• Be in the private sector
• Be technically sound
• Have good prospects of being profitable
• Benefit the local economy
• Be environmentally and socially sound, satisfying IFC
environmental and social standards as well as those of the host
country
7
IFC Financing
$20bn
IFC’s own account
Mobilization*
$15bn
$10bn
$5bn
$0
* Mobilization includes syndicated loans, structured finance, IFC initiatives and other,
and IFC Asset Management Company.
8
Investments by Region, FY11
Commitments for IFC’s Account: $12.2 Billion
Global >1%
Middle East and North Africa 13%
Sub-Saharan Africa 18%
East Asia and Pacific 16%
Latin America and the
Caribbean 25%
South Asia 6%
Europe and Central Asia 22%
9
Investments by Industry, FY11
Commitments for IFC’s Account: $12.2 Billion
Other Sectors
>1%
Trade Finance
38%
Agribusiness & Forestry
4%
Consumer & Social Services
4%
Financial Markets
25%
Telecommunications
& Information Technology
3%
Oil, Gas & Mining
2%
Funds
4%
Manufacturing
7%
10
Infrastructure
13%
IFC in the Middle East and North Africa (MENA)
11
The MENA Region
•MOROCCO:
•Population under 30 years:
56%
•TUNISIA:
•Population under 30 years:
51%
•Youth unemployment: 30%
•Urban youth unemployment:
32%
•Urban poverty rate: 2%
•Urban Poverty rate: 5%
•Broadband penetration:
34%
•Broadband penetration: 33%
•JORDAN:
•EGYPT:
•Population under 30 years:
61%
•Youth unemployment: >30%
•Urban poverty rate: 10%
•Broadband penetration:
21%
•Population under 30 years:
65%
•Youth unemployment: 27%
•Urban poverty rate: 13%
•Broadband penetration:
27.2%
•SYRIA:
•Population under 30 years:
67%
•Youth unemployment: 60%
•Urban poverty rate: 8%
•Broadband penetration:
18%
•IDA
•IDA
•ALGERIA:
•LIBYA:
•Population under 30 years:
56%
•Population under years 30:
61%
•Youth unemployment: 32%
•Youth unemployment: 4050%
•Urban poverty rate: 9%
•Broadband penetration:
13.6%
•Urban poverty rate: -•Broadband penetration:
5.5%
•IDA
•YEMEN:
•Population under 30 years:
73%
•BAHRAIN:
•Population under 30 years:
48%
•Youth unemployment: 32%
•Youth unemployment: 50%
•Urban poverty rate: --
•Urban poverty rate: 31%
•Broadband penetration:
88%
•Broadband penetration:
1.8%
•Note: Unemployment data source IMF REO/ILO; Broadband data source Internet World Stats; Poverty data World Bank
12
IFC’s Strategy in MENA
• Increase access to finance for underserved populations
• Improve infrastructure services
• Raise education and health service quality
• Support high value-added sectors
Greater priority will be given to addressing the needs of the middle
class, youth, and poor with even more attention to:
• Employment-generating real sector investments
• Access to finance for MSMEs, mortgage/student borrowers, and
small farmers
• Improved quality of post-secondary education services
• Agribusiness and agrifinance linkages to reduce inefficiencies
• Addressing climate change
13
Immediate IFC Investment Response
A few examples
•Committed/Approved
•Pipeline
Support clients/private sector to restore investor confidence,
restructure portfolios, and mobilize resources
•Hikma
•(Former Client)
•Size: $27.5 m equity + $110 m Aloan
•Support the leading regional
pharmaceuticals company
expansion, increase jobs for
youth & women, and improve
env & social standards
•Tunisia
•Egypt
•Regional
•(Former Client)
•Preserve jobs by
supporting the largest
construction group in MENA
and leading global fertilizer
producer/distributor
•Partner with the 2nd largest
private sector bank to
support its long-term
financing of MSMEs as well as
agribusiness, health and
education projects
•Regional
•AUB
•Egypt
•(Portfolio Client)
•Regional
•Support expansion and
modernization of a leading
Egyptian appliance
manufacturer, allowing for
substantial increases in
exports and job preservation
•Support to SMEs in the
Maghreb by investing in a
private equity fund which has
an innovative climate change
component – a first for an SME
fund in North Africa
•Investment through IFC Cap Fund
•Size: $290 m of which $97.5 m from
IFC’s own account + $192.5 m
mobilization
•Support South –South expansion of a
strategic rgl bank in challenging MENA
markets (esp. Egypt and Iraq)
14
Recruitment at IFC
15
What does IFC look for in its people?
• Technical expertise
• Diverse nationalities and experience
• Strong interpersonal and teamwork skills
• Commitment to the IFC mission
• Leadership potential
• Language proficiency
• Enthusiasm for working in a multicultural environment
• Interest to live in emerging markets
16
Investment Officers
Lead multi-disciplinary teams focused on identifying investment
opportunities, executing transactions and actively managing
portfolio projects
• Analyze operational and financial performance of potential client
companies to identify opportunities, address risks and recommend
investment options
• Develop innovative and appropriate financial structures
• Negotiate investment terms
• Supervise project implementation, including disbursements
• Build and maintain strong relationships with clients and other stakeholders
• Travel 6-12+ weeks per year
Qualifications
• Work experience (3-6 years) in investment/finance
• Strong analytical, communications and negotiations skills
17
Two Ways to Enter IFC as an Associate IO
Global Transaction Team Program
Direct Regional Hires
• 2-year program to launch a global
career at IFC
• Grow career in one
location/region
• 6-month initiation in Washington
followed by 18-month assignment in
regional hub (Istanbul, Hong Kong or
Johannesburg)
• Usually join with relevant regional
experience and language skills
• Eventual opportunities for shortterm assignment in another
location or permanent transfer
• Post program: 2-3 year
international assignments
• Local currency compensation
• Geographic flexibility
• Decentralized Recruitment
• International (US$) compensation
 Applications ongoing
 Referral to regional office
 Offers/start on continuous basis
• Centralized Recruitment
 Interviews – October/November
 Offers - Dec 2011
 Start - Sept 2012
All staff receive generous benefits package and access to skills /leadership training
18
GTT Career Path
• Thorough onboarding process to get to know IFC business and culture
• 2-3 year assignments in different locations to build expertise and leadership
• Option to pursue alternative career path as regional hire
Preferred Post-Program Career Path
GTT Program – 2 years
Initiation
6 months
• Join in
Washington
• Common start
date
• Undertake
corporate
training
• Gain exposure
to Global
Industry Dept
Hub Experience
2 years
GTT Experience
18 months
Global Experience
2 years
• In hub, e.g. Sao
Paulo, Mexico City,
Moscow, Dakar,
Nairobi, Delhi,
Beijing
• In Regional
Industry
Department
(different industry)
• In large hub Istanbul, Hong
Kong, or
Johannesburg
• In Regional
Industry
Department
(same industry,
to leverage
network)
Alternative track:
Regional hire
• In Washington or
Operations Center
• In Global Industry
Group to develop
industry depth
• Or in investmentrelated function,
e.g. Credit, Special
Operations
Opt out of globally mobile GTT career
track and apply for a direct regional
hire position in any location
To apply visit
www.ifc.org/careers/RecruitmentPrograms
19
Summer Internship Program
• 35 - 40 interns are selected each summer to work in Washington
and regional offices
• Undertake discrete projects, such as investment due diligence and
market/sector research
• Minimum internship period of 4 weeks
• Recruitment Process
 Candidates must be in the first year of an MBA/graduate program
 Selection requirements differ by department/function
 Online application: Dec 1 to Jan 15
 Short-listed candidates are contacted directly by departments for
interviews
• Select number of summer interns are considered for the GTT
Program and other full-time opportunities
• To apply visit www.ifc.org/careers/RecruitmentPrograms
20
Advisory Services Opportunities
• Regional Business Line Leaders
 Regional line of business management (thematic leadership
and regional thematic implementation)
• Technical Experts
 Program Management (product expertise, implementation,
knowledge management)
• Monitoring and Evaluation
 Impact measurement, quality management
Qualifications:
 Graduate or postgraduate degree in relevant discipline
 Technical and project management experience
21
Global Recognition
Best Overall
Development
Finance Institution
and Best DFI in Africa
Trade Finance
Magazine
July 2011
Multilateral of
the Year Award
Deal of the
Decade Award
(BTC Pipeline)
Project Finance
International
January 2011
Infrastructure
Journal
Renewable Deal of the
Year for Asia Pacific
(China WindPower
Group)
April 2011
Multilateral
Agency of the
Year
Infrastructure
Journal
Project Finance
International
April 2011
June 2011
22
Who We Are, What We Do
• IFC is the largest global development finance institution focused on
the private sector – the global leader in private sector development
finance
• We create opportunity for people – to escape poverty and improve
their lives
• Driven by our vision and purpose, we make a unique contribution
to development
• We invest, advise, mobilize capital, and manage assets – providing
solutions for an inclusive and sustainable world
• Visit www.ifc.org/careers for a complete list of current opportunities!
23