Over the past five years, IFC
has provided $452 million in new investment commitments in Ethiopia across agribusiness, financial, manufacturing, and other sectors, and delivers advisory services supporting leasing, financial infrastructure, and investment climate.
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.
will facilitate the exchange of information on regulatory reforms between SEC officials and international corporate governance experts, it said.
He said the sector can enjoy even stronger development with proactive support from the WB and IFC
, one of the World Bank Group Companies, includes 182 members.
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
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.