Zebu cattle have long symbolized power and prosperity in Madagascar--but despite their cultural significance, zebu herds are dwindling and the quality of the beef is at risk. With support from IFC and the World Bank, a Malagasy entrepreneur plans to rebuild the island’s cattle industry and resurrect a zebu beef export market.
In Latin America and the Caribbean, IFC is at the forefront of private sector initiatives aimed at making markets work for businesses and individuals. We promote long-term partnerships with clients, a business-friendly environment, and inclusive economic growth to create opportunities and reduce poverty.
IFC in East Asia and the Pacific focuses on supporting sustainable, private sector-led development to ensure the region's economic growth reaches all segments of society. Around half of our investments in fiscal year 2011 were in the region's poorest countries with IFC opening up access to finance for small and medium enterprises, connecting rural households to electricity for the first time, improving access to healthcare, and fighting climate change by improving energy efficiency.