'IFC important for self-reliance in developing countries,’ says Knapen

Minister for European Affairs and International Cooperation Ben Knapen spoke today with Lars Thunell, head of the World Bank’s International Finance Corporation (IFC). The Netherlands is one of the top three donors to the IFC, which promotes the development of the private sector in developing countries and is committed to making financial services accessible to all.

The Netherlands-IFC Partnership Programme (NIPP) receives an annual Dutch contribution of USD 25 million. Mr Knapen sees the IFC as an important partner in promoting economic growth and self-reliance in developing countries. ‘The IFC is focused on stimulating small and medium-sized enterprises in developing countries by means of technical assistance and the provision of financial services to people who normally lack access to them.’ This will create new jobs and a better investment climate, and hence foster economic development.

‘Cooperation with the IFC fits in well with the priorities of Dutch development policy. The IFC has access to Dutch expertise and experience for its programmes on food security and water, areas where we can make a real difference,’ says Mr Knapen.