IFC Boosts Infrastructure Investments in Pakistan with $2 Billion Annual Target

The International Finance Corporation is significantly enhancing its equity investments in Pakistan, focusing on infrastructure development. The investment plan, announced by IFC Chief Makhtar Diop, aims to contribute up to USD 2 billion annually over the next decade, aligning with the World Bank's Country Partnership Framework.

The International Finance Corporation (IFC), the private investment arm of the World Bank, is ramping up its equity investments in Pakistan, according to a media report. IFC Chief Makhtar Diop, currently visiting Pakistan, revealed the organization's plan to invest up to USD 2 billion annually over the next decade, as reported by The Express Tribune.

This investment strategy aims to unlock substantial financing for infrastructure projects in Pakistan's energy, water, and transport sectors. Diop underscored the significance of these investments, which align with the World Bank's USD 20 billion Country Partnership Framework, potentially mobilizing further investment.

Prime Minister Shehbaz Sharif lauded the IFC's efforts and encouraged additional support in crucial areas like infrastructure, agriculture, and digital industries. With Pakistan facing economic recovery challenges, the IFC's involvement is viewed as a positive step towards revitalizing the country's infrastructure and fostering export-led growth.