Finance And Capital Markets

We have also advised the Pakistan Microfinance Network in setting up a credit information bureau for the microfinance sector. Our experience also includes advising various sponsors with respect to establishing microfinance banks and institutions in Pakistan, including establishment of NBFC vehicles to undertake microfinance related activity in Pakistan. The CFO, by contrast, will oversee all financial aspects of the business, providing strategic insight into major decisions and managing relationships with senior executives, lenders, investors, board members and other stakeholders. An MBA or masters degree in finance, accounting or business management along with 10+ years of senior financial managerial experience is generally required for this position.

What Is Finance, As Defined Within Economics?

The $70 million line of credit encouraged the growth and expansion of new and existing enterprises, increasing outreach to MSMEs, 58% of which were located outside of Amman and 73% were managed by women. The project financed 8,149 MSMEs, creating 7,682 jobs, of which 79% employed youth and 42% hired women. The additional financing of $50 Million is progressing well towards achieving its intended objective. $45.2 million has been on-lent to 3,345 MSMEs through nine participating banks.

Sources Of Financial Information

The project is especially benefiting women, who represent 77% of project beneficiaries, and youth (48% of project beneficiaries), and increasing geographical outreach, as 65% of MSMEs are in Governorates outside of Amman. Small and Medium Enterprises play a major role in most economies, particularly in developing countries. SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90% of businesses and more than 50% of employment worldwide.