ISLAMABAD
\nInternational Finance Corporation\u2019s Chief Makhtar Diop has said that IFC is increasing equity investments and eyeing large-scale infrastructure financing in Pakistan, in an investment plan that could unlock $2 billion annually over a decade.
\n\u201cBetween now and maybe October, we will be able to progress enough on a couple of transactions that will signal that this is a country ready to receive large-scale financing for critical and important infrastructure,\u201d said Makhtar Diop, the corporation\u2019s managing director told Reuters during his visit to Pakistan.
\nInternational Finance Corporation chief Makhtar Diop\u2019s maiden visit to Pakistan follows the World Bank\u2019s plans to allocate up to $20 billion for Pakistan under a Country Partnership Framework announced in January, with the IFC (the World Bank\u2019s private investment arm) also slotted to invest the same amount.
\nDiop said a $2 billion annual investment \u201cis not a large number\u201d for Pakistan, which needs infrastructure development in international airports, energy, water and ports.
\nAccording to Reuters, the IFC had an exposure of $2.1 billion in Pakistan during the fiscal year 2024, ending in June, marking its record investment in the South Asian country\u2019s $350 billion economy.
\nDiop said the IFC is looking into agriculture, infrastructure, the \u201cvery important\u201d financial sector, and the digital sector.
\nDiop said equity-based transactions were to be expected in Pakistan too.
\n\u201cDebt will still be a very important part in our business, but our equity will increase in the world, but also in Pakistan. It means we are believing really in Pakistan because we can take equity for a long, long time,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD International Finance Corporation\u2019s Chief Makhtar Diop has said that IFC is increasing equity investments and eyeing large-scale infrastructure financing in Pakistan, in an investment plan that could unlock $2 billion annually over a decade. \u201cBetween now and maybe October, we will be able to progress enough on a couple of transactions that will signal […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-461784","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"\n