Over the past three decades, East Asia and the Pacific has grown to become an economic powerhouse, contributing around a quarter of global economic activities. Yet, while the region continues to record tremendous growth despite the recent global financial crises, the economic tide has not lifted all boats. The trend is toward less, not more, equality. The private sector can play a vital role in…
The developing world has many sharp-eyed entrepreneurs with great business ideas, ready to build first-class companies that will move their economies forward. But a major obstacle often stands in their way: a lack of access to finance. It blocks them from moving ahead, keeping them from hiring workers, increasing incomes, and raising living standards. The funds IFC supports help fill this gap. …