Cai informed Dar that during the last two years, IFC has more than doubled its investments from $400 million to around $1 billion. PHOTO: ZAFAR ASLAM/EXPRESS/FILE
International Finance Corporation Executive Vice President and CEO Jin Yong Cai, along with his team, called on Finance Minister Senator Ishaq Dar in Washington DC and discussed IFC’s programme portfolio in Pakistan.
Cai informed Dar that during the last two years, IFC has more than doubled its investments from $400 million to around $1 billion, according to a statement issued here on Friday.
He congratulated Dar on the successful issuance of the Eurobond and said capital is currently flying out of emerging market economies. Despite the turbulence in capital markets, he added, issuance of the Eurobonds reflects investors’ confidence in Pakistan’s economy.
Cai expressed interest in the divestment of shares in state owned enterprises.
Published in The Express Tribune, October 24th, 2015.
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