The Business Families Foundation Signs a Collaborative Agreement with the International Finance Corporation to Support Entrepreneurial Family Businesses

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The Business Families Foundation (BFF) and the International Finance Corporation (IFC) are proud to launch a collaborative agreement to support small and medium size entrepreneurial family businesses in urban and rural regions of the world's emerging markets.

This collaborative agreement between BFF and IFC will provide IFC and its local partners tailored educational tools to support the development and sustainable growth of family-owned businesses.

The Business Families Foundation (BFF) and the International Finance Corporation (IFC) are proud to launch a collaborative agreement to support small and medium size entrepreneurial family businesses in urban and rural regions of the world's emerging markets with education on family business governance and management. BFF, as a philanthropic organization, supports research and develops and disseminates educational material to family enterprises and professionals working with them, to help them be aware of, and address their unique growth and development challenges. IFC is a member of the World Bank Group and promotes sustainable private sector investment in emerging markets worldwide through a variety of investment services, advisory services, and funds management activities. Both organizations aim to support the sustainable development of family-led enterprises.  

As part of this collaborative agreement, BFF will distribute proprietary multimedia educational tools on family business governance and management via IFC's SME Toolkit (http://www.smetoolkit.org), an online-based resource for SMEs that provides free tools and training on key business management topics to Micro, Small and Medium Enterprises.  This collaborative agreement between BFF and IFC will provide IFC and its local partners tailored educational tools to support the development and sustainable growth of family-owned businesses.  

About the Business Families Foundation:

The Business Families Foundation (BFF) is a non-profit, charitable organization established 21 years ago that provides education and support to family enterprises around the world. Launched and nurtured by business families helping business families, in collaboration with universities, the mission of BFF is to empower entrepreneurial families and those who advise them to address and resolve their issues and, in so doing, help them grow, develop and endure as the economic backbone and social fabric of their communities.  

About IFC:

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit http://www.ifc.org.

About IFC Sustainable Business Advisory:

We work with companies to adopt environmental, social and governance practices and technologies that create a competitive edge. We seek the broad adoption of these practices to transform markets and improve people's lives.  We work in agribusiness, infrastructure, oil, gas, mining, manufacturing, services and other sectors.  Our programs promote good corporate governance and strategic community investments; advance women entrepreneurs, small scale farmers, and small firms; and engage the private sector in climate-change solutions.

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Dr. Pascale Michaud
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