Islamabad: The International Finance Corporation (IFC) has announced plans to amplify its equity investments in Pakistan, focusing on large-scale infrastructure projects. This initiative, as outlined by IFC’s Managing Director Makhtar Diop, aims to channel up to $2 billion annually over the next ten years into the country’s economy.
According to a statement by Ministry of Information and Broadcasting, Diop conveyed this strategic investment plan during a discussion with Reuters. He emphasized that while $2 billion yearly is not a substantial figure for Pakistan, it represents a crucial step towards addressing the nation’s need for infrastructure development in sectors such as international airports, energy, water, and ports.
The IFC’s investment strategy will concentrate on vital sectors, including agriculture, infrastructure, digital, and finance. These areas are deemed essential for fostering economic growth and enhancing the country’s developmental landscape.