The largest volume of
IFC investments in the past financial year has been channeled to Turkey ($1.1 billion), Romania ($336.4 million), Serbia ($190.5 million), Ukraine ($129.1 million) and Kazakhstan ($111.5 million).
Minister Dar on the occasion invited EVP
IFC to assist the Government of Pakistan in privatization of some of the state owned enterprises.
The
IFC will facilitate the exchange of information on regulatory reforms between SEC officials and international corporate governance experts, it said.
IFC, one of the World Bank Group Companies, includes 182 members.
*
IFC intends to invest for the long-term, with a commercial put option (i.e.
Bilal Asghar, Group Head - Corporate, Investment Banking and International Business Group, at Bank Alfalah also shared his thoughts on the arrangement saying, "It's a great partnership between Bank Alfalah and
IFC on this Green initiative.
and the
IFC Emerging Asia Fund in Voyager Innovations.
Wiebke Schloemer,
IFC's director for Europe and Central Asia, said that for the coming years
IFC's focus on the region will be "on supporting the development of the fledging private sector in some of the poorest and conflicted-affected countries in the region while also continuing to work in middle income countries to promote innovation and competitiveness, energy efficiency and sustainable urban infrastructure."
Kebet-Koulibaly was accompanied by Country Director World Bank Patchamuthu Illangovan,
IFC Regional Director for Middle East and North Africa Mouayed Makhlouf, and Principal Country Officer,
IFC Shabana Khawar.
IFC Executive Vice President (EVP) and Chie Executive Officer (ECO) Philippe Le Houerou said this in his meeting with Pakistan delegation headed by Finance Minister Senator Mohammad Ishaq Dar at the World Bank in Washington, a press statement issue by the Ministry of Finance Monday said.