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IFC chief says it is doubling down on Pakistan, eyeing large infrastructure financing

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The World Bank's private investment arm 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,
The International Finance Corporation (IFC) is intensifying its investment in Pakistan, focusing on large infrastructure projects to stimulate economic growth, as stated by IFC's Managing Director Makhtar Diop. During his visit to Karachi, Diop highlighted the potential for significant investments in sectors like renewable energy, aiming to address Pakistan's energy needs and promote sustainable development. He emphasized the importance of public-private partnerships to enhance infrastructure, particularly in transportation, which could unlock further economic opportunities. Additionally, the IFC is looking to support Pakistan's efforts in climate change mitigation and adaptation, with plans to increase its investment portfolio in the country to $1.5 billion by 2024, up from $1 billion in 2023.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/asia-pacific/ifc-chief-says-it-is-doubling-down-pakistan-eyeing-large-infrastructure-2025-02-14/ ]