IFC Boosts Private Sector in Pakistan with Record Trade Support, Landmark Advisory Projects
Islamabad, August 03, 2022 (PPI-OT):IFC more than doubled its trade financing program in Pakistan in fiscal year 2022 to support critical imports and foster a resilient post-pandemic recovery. That work came alongside other milestone engagements to boost financial inclusion, bolster key sectors, like agriculture and retail, structure ground-breaking public-private partnership projects, and promote gender diversity.
IFC invested and mobilized about $680 million in Pakistan in short- and long-term financing between July 1, 2021, and June 30, 2022. That included a record $485 million in commitments through IFC’s Global Trade Finance Program to enable the import of essential goods and services, more than double the amount of the previous fiscal year. IFC also invested the equivalent of $25 mil...