Islamabad: The International Finance Corporation (IFC) has disclosed its plans to amplify its investment portfolio in Pakistan in the upcoming years.
The International Finance Corporation (IFC), a member of the World Bank Group, has announced plans to increase project funding in Pakistan over the next few years. At a summit on infrastructure financing, IFC Pakistan Principal Country Officer, Naz Khan, revealed that the organization plans to double its investment portfolio in Pakistan, currently standing at USD 1.3 billion, within three years.
The investment will be part of the IFC’s infrastructure development project to support Pakistan’s private sector. The organization currently has a local portfolio of more than 40 companies in Pakistan, focusing on infrastructure-related firms. IFC is also keen to collaborate with local commercial banks to invest in domestic infrastructure.
However, the success of the IFC’s investment in Pakistan will depend on the country’s macroeconomic indicators, which need to be robust. Pakistan currently ranks low in the World Economic Forum’s Global Competitiveness Index and Logistics Performance Index, indicating a need for improvement in the country’s infrastructure.
IFC’s plan to enhance project funding in Pakistan is a promising development for the country’s economy, which has been struggling due to various economic challenges. The organization’s investment in infrastructure-related projects will help create jobs and boost economic growth in Pakistan. For the latest Real Estate News and Blogs, visit Realtors blogs.