Islamabad, Pakistan, January 19, 2010—IFC,
a member of the World Bank Group, today signed an agreement with the Aga
Khan Foundation (Pakistan) [AKF(P)] – an agency of the Aga Khan Development
Network (AKDN) to support the growth of Small and Medium Organizations
(SMOs) and businesses in Pakistan by providing training and skills development
to both businessmen and women in the country.
IFC and AKF(P), will partner to offer
IFC’s Business Edge management training product to Pakistani SMOs and
entrepreneurs seeking to grow their businesses.
IFC will train 20 Business Edge trainers
who will be selected by AKF(P). These trainers will then deliver Business
Edge training for small and medium enterprises at workshops to be held
between July and November 2010 in Gilgit-Baltistan and Chitral. For more
information about Business Edge see www.businessedge-me.com.
Al-Nashir Jamal, AKF(P)’s CEO, said,
“The training will not only benefit the organizations but also the individuals
employed by these small and medium organizations. This partnership with
IFC will help fill a gap in management training in Pakistan, helping social
entrepreneurs gain the skills they need to grow.”
Khawar Ansari, IFC’s Business Edge
Country Coordinator, said, “Small and medium enterprises are catalysts
for growth and employment generation. By expanding the reach of our Business
Edge program in Pakistan, we will provide a greater number of smaller businesses
with the training they need to grow and create jobs.”
This partnership builds on a long-standing
relationship between IFC and the AKDN around the world and in the Middle
East and North Africa. IFC and AKDN previously partnered to create the
First Microfinance Bank of Pakistan and the First Microfinance Bank of
Afghanistan. Both organizations work towards creating opportunities for
people to escape poverty and improve their lives.
IFC’s Business Edge is delivered by
selected local training partners and certified local trainers and sets
a new standard for business training in developing countries. It was rolled
out in the Middle East and North Africa region in 2004 and is available
in Afghanistan, Egypt, Pakistan, and Yemen, and in other IFC regions including
Latin America and the Caribbean and Sub-Saharan Africa.
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $14.5
billion in fiscal 2009, helping channel capital into developing countries
during the financial crisis. For more information, visit www.ifc.org.
About Aga Khan Foundation
The Aga Khan Foundation is part of the
Aga Khan Development Network (AKDN). Founded and guided by His Highness
the Aga Khan, the AKDN brings together a number of international development
agencies, institutions and programs that work primarily in the poorest
parts of South and Central Asia, Africa and the Middle East. For more information,