Islamabad:
The Makhtar Chief of the International Finance Corporation, Makhtar Diop has said that the IFC is increasing capital investments and observing large -scale infrastructure financing in Pakistan, in an investment plan that could unlock $ 2 billion annually during a decade.
“Between now and perhaps in October, we can progress enough in a couple of transactions that will indicate that this is a country ready to receive large -scale financing due to critical and important infrastructure,” said Makhtar Diop, managing director of the corporation, said To Reuters to Reuters during his visit to Pakistan.
The first visit of the Chief of the International Finance Corporation to Pakistan follows the World Bank’s plans to allocate up to $ 20 billion for Pakistan under a country association frame announced in January, with the IFC (the bank’s private investment arm World Cup) was also located 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, the IFC had an exhibition of $ 2.1 billion in Pakistan during fiscal year 2024, ending in June, marking its record investment in the economy of $ 350 billion in the country in southern Asia.
Diop said the IFC is investigating agriculture, infrastructure, the “very important” financial sector and the digital sector.
Diop said that capital -based transactions were also expected in Pakistan.
“The debt will continue to be a very important part in our business, but our equity will increase in the world, but also in Pakistan. It means that we are really believing in Pakistan because we can take equity for a long time,” he said.
