Browsing: Finance Corporation(IFC)

• Kentrade Unveils Applications Performance Measurement tool to track the effectiveness of the National Electronic Single Window System
• The International Finance Corporation (IFC) helped build the application
• Implementation of the National Electronic Single Window System has improved Kenya’s World Bank rating in the ease of doing business report, particularly in cross-border trade

The Kenya Trade Network Agency (KenTrade) has introduced an Applications Performance Measurement tool that will assist in tracking and assessing the effectiveness of the National Electronic Single Window System, popularly known as the Trade Facilitation Platform.

The Trade Facilitation Platform will minimise the time and expense required for goods to be cleared at Kenyan borders while still maintaining the necessary checks and the collection of levies, fees, and charges.

The International Finance Corporation (IFC) helped build the application performance monitoring tool, allowing KenTrade to decrease platform downtime and maintain service delivery continuity.
This will also improve end-user experiences, system …

The International Finance Corporation (IFC) is launching a new advisory program to improve women’s employment opportunities in Egypt.

IFC which is a member of the World Bank Group aims at highlighting how Egypt’s private sector companies can invest in the county’s large, underutilized female talent and spur economic growth.

In a statement by the corporation, IFC said the program will run for three years and will help create family-friendly, flexible workplaces to make Egyptian businesses more resilient, agile and inclusive, especially in times of crises.

In 2019, only 24 per cent of working-age women participated in Egypt’s labour market in 2019, compared to 75 per cent of men. If women and men participated equally, the country’s GDP could rise by 34 per cent.

“The participation of women is macro-critical, it is no longer lip service, all stakeholders from the public and private sector as well as IFIs are coming together …

The World Bank Group gave $12 billion to help countries that are dealing with the health and economic effects of the global outbreak of coronavirus.

As coronavirus reaches more than 60 countries in the world, World bank’s financing is designed to help it’s member countries take constructive action to respond and reduce the tragic effects caused by the virus where possible.

Through this new package, the World Bank Group will help developing countries strengthen health systems, by bettering access to health services to protect people from the virus, strengthening the virus surveillance, improving the public health interventions and to reduce the impact on economies by working with the private sector.

To support country-based responses, World Bank’s financial package will be globally coordinated with financing drawn from across International Bank for Reconstruction and Development (IBRD), International Development Association (IDA) and International Finance Corporation (IFC).

Through the coronavirus support package, initial crisis …