ISLAMABAD, Pakistan: The Executive Vice President (EVP) & Chief Executive Officer (CEO) of International Finance Corporation (IFC) Philippe Le Houerou has said that IFC wants to increase its Program portfolio for Pakistan to over a $1 billion from current $800 million.
While talking to a Pakistan delegation headed by the Finance Minister Ishaq Dar who met with him at the World Bank in Washington, Philippe Le Houerou further said that IFC is working with private sector and is looking forward to opportunities to increase private sector investment in Pakistan, said a press release.
During the meeting, Houerou congratulated the Finance Minister Ishaq Dar on under taking structural reforms and completing International Monetary Fund (IMF) program. The minister thanked IFC for increasing Program portfolio in Pakistan.
The EVP & CEO IFC observed that International Finance Corporation can support Pakistan’s energy sector projects by channeling private investment to this sector.
Towards the end of the meeting, the Finance Minister Ishaq Dar invited EVP IFC to assist the government of Pakistan in privatization of some of the state owned enterprises.
