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International Finance Corporation (IFC) to Invest $2 Billion Annually in Pakistan’s Infrastructure

February 17, 2025
in Global
International Finance Corporation (IFC) to Invest $2 Billion Annually in Pakistan’s Infrastructure

The International Finance Corporation (IFC) is planning to increase its investments in Pakistan, focusing on large infrastructure projects. Over the next decade, IFC could invest up to $2 billion per year to support sectors like airports, energy, water, and ports.

In an interview with Reuters, IFC’s Managing Director Makhtar Diop stressed the importance of investing in agriculture, digital innovation, infrastructure, and financial services. These investments aim to drive sustainable economic growth in Pakistan.

At the same time, Prime Minister Shehbaz Sharif praised the World Bank Group’s new $40 billion Country Partnership Framework (CPF) for 2026-2035. This plan includes $20 billion in government loans from IDA and IBRD and another $20 billion from IFC to encourage private sector investments.

During a meeting with Diop, PM Sharif urged IFC to expand its support in key areas, including infrastructure, IT, climate resilience, mining, and healthcare. These sectors are crucial for economic growth and stability in Pakistan.

The IFC’s increased investments, along with the World Bank’s support, could help improve Pakistan’s infrastructure, digital sector, and financial systems, creating new opportunities for businesses and the economy.

Tags: AnnuallyBillionCorporationFinanceIFCinfrastructureInternationalInvestPakistans
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