IFC committed $1.5b in short, long-term investments in Pakistan in fiscal year 2023

IFC committed approximately $1.5 billion in short and long-term investments in Pakistan in fiscal year 2023, doubling its investments from the previous year amidst a backdrop of economic challenges in the country. The IFC — a member of the World Bank —focused on the private sector in emerging markets. Its projects in Pakistan aim to provide much-needed jobs, increase productivity in the private sector, enhance gender inclusion, and address the impacts of climate change, the corporation. “Our investment and advisory programs over the last fiscal year showcase IFC’s commitment towards helping realize the significant potential of Pakistan’s private sector,” said Zeeshan Sheikh, IFC Country Manager for Pakistan and Afghanistan. “Moving forward, we want to increase our focus on facilitating access to finance particularly for MSMEs, sustainable & digital infrastructure, as well as support to export-oriented industries that help create jobs and are critical for the country’s economic growth.” (The Nation)