Islamabad, Pakistan, january 28, 2002
—Peter Woicke—Executive Vice President of the International Finance Corporation and Managing Director of the World Bank Group for private sector development—will travel to Pakistan, January 30-31, 2002, to review IFC’s investment and advisory work and consult with government and industry leaders.
This is Mr. Woicke’s first official visit to Pakistan and underlines the importance that IFC attaches to its work in that country. During his visit, Mr. Woicke will discuss ways in which IFC can support the government’s efforts to deepen economic reforms and privatization; meet with private sector representatives including small and medium enterprises; and attend roundtables with clients from the financial, manufacturing, and oil and gas sectors.
In Islamabad on January 31, Mr. Woicke will call on the President of Pakistan and hold discussions with several ministers. He will also sign two new deals demonstrating IFC’s continuing commitment to Pakistan.
IFC’s mission is to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people’s lives. IFC finances private sector investments in the developing world, mobilizes capital in the international financial markets, and provides technical assistance and advice to governments and businesses. Since its founding in 1956 through the close of the last fiscal year on June 30, 2001, IFC committed more than US$31 billion of its own funds and arranged $20 billion in syndications for 2,636 companies in 140 developing countries. IFC’s committed portfolio at the end of FY01 was $14.3 billion.
