A high-level delegation from the International Finance Corporation (IFC) has arrived in Islamabad to explore investment opportunities in Pakistan, following the World Bank’s recent commitment to provide $20 billion in loans over the next decade.
As the private-sector arm of the World Bank Group, the IFC is crucial in supporting economic growth in emerging markets. The delegation, led by Managing Director Makhtar Diop, is engaging with key stakeholders to identify potential areas for collaboration.
During talks with IFC representatives, Pakistan’s Finance Minister, Aurangzeb, highlighted the country’s macroeconomic stability, including improvements in debt and equity markets and significant structural reforms implemented by the government.
The finance ministry reports that Diop acknowledged Pakistan’s reform efforts, noting the confidence of private-sector stakeholders in the government’s policies. He also praised Pakistan’s Country Partnership Framework (CPF) with the World Bank, calling it a global benchmark for best practices.
Diop reaffirmed the IFC’s commitment to supporting Pakistan, emphasizing the organization’s focus on critical sectors such as green energy, data centers, agricultural supply chains, telecommunications, and digital transformation.
