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The US-based development finance institution, International Development Finance Corporation (IDFC) has expressed its desire to finance projects in Pakistan, informed Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood.

The development was made during the visit of IDFC CEO Adam Boehler at the Ministry of Commerce on Thursday. Boehler stated that funds are available through both debt and equity to finance projects in the private sector in several fields and also for infrastructure projects in the Public-Private Partnership (PPP) mode.

The advisor said that all interested parties may contact the Chairman Board of Investment. He added that the procedures are being developed to facilitate investment through IDFC.

Earlier, it was learned that IDFC wants to involve Pakistan in a regional fund to be set up for programs in the Central Asian Republics (CARs). Boehler said that they intend to start a regional fund for development in CARs, who have shown keen interest in involving Pakistan in the fund.

He added that IDFC has a $3 billion fund for immediate liquidity requirements of financial institutions, in the aftermath of the Covid-19 pandemic.