IBA to adopt IFC’s training solution

Signs agreement with World Bank arm for management training.

KARACHI: The International Finance Corporation will partner with the Centre for Entrepreneurial Development (CED), which is part of the Institute of Business Administration (IBA), for the development of business management training in Pakistan for students, small and medium enterprises (SMEs) and women entrepreneurs.

IBA Dean and Director Dr Ishrat Husain and IFC Advisory Services in the Middle East and North Africa (MENA) Manager Luke Haggarty signed an agreement during the latter’s visit to the IBA CED on Wednesday. Haggarty was leading a delegation comprising Elvira Van Daele, Javed Iqbal and Asim AF Chishti.

The partnership will allow IBA Karachi and IFC to work together in developing sustainable business advisory training in the areas of corporate governance, taxation, access to finance and building SME portfolios. IBA Karachi will provide training using Business Edge, an innovation of IFC that is known as a world-class proprietary training solution designed to improve management capacity and business performance.

Speaking on the occasion, Husain said the partnership will enable IBA to learn from the experiences of IFC that has been actively working in many countries of the world as a member of the World Bank Group. IFC is the largest global development institution focused exclusively on the private sector.

Published in The Express Tribune, September 26^th, 2013.

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