Islamabad:
The chief of the International Finance Corporation, Makhtar Diop, said that IFC increased investment in equity and considered funding for large -scale infrastructure in Pakistan, in an investment plan that could unlock $ 2 billion per year over a decade.
“By October, we will be able to progress enough on a few transactions which will indicate that it is a country ready to receive large -scale funding for critical and important infrastructures,” Reuters Makhtar Diop told Reuters, the Managing Director of the Company during his visit to Pakistan.
The first visit of the chief of the international finance corporation in Pakistan follows the World Bank’s plans to allocate up to $ 20 billion in Pakistan as part of a national partnership framework announced in January, with IFC (The World Bank’s private investment arm) was also inserted to invest the same amount.
Diop said that an annual investment of $ 2 billion “is not a large number” for Pakistan, which needs infrastructure development in international airports, energy, water and ports.
According to Reuters, IFC experienced an exposure of $ 2.1 billion in Pakistan during the year 2024, ending in June, marking its record investment in the $ 350 billion economy in the South Asian country .
DIOP said that IFC examines agriculture, infrastructure, the “very important” financial sector and the digital sector.
Diop said that actions -based transactions also owed Pakistan.
“Debt will always be a very important role in our company, but our equity will increase in the world, but also in Pakistan. This means that we really believe in Pakistan because we can take capital.
