Executive VP IFC Mr. Jin Yong Cai meet the PM

January 19, 2015

Prime Minister Muhammad Nawaz Sharif met a delegation led by Mr. Jin Yong Cai, Executive Vice President of International Finance Corporation (IFC), a constituent body of World Bank, at the PM’s House here today.

 

The Prime Minister appreciated World Bank’s continuous engagement with Pakistan that spans over half a century and acknowledged its valuable support towards many important areas such as rural development, public sector development, infrastructure development, roads, ports, railways, dams, social development including health, education water and sanitation besides power sector. He acknowledged IFC’s current focus on energy sector to complement government’s efforts towards meeting energy requirements of the country and appreciated that World Bank’s largest energy portfolio in the world is in Pakistan.

 

The Prime Minister said that energy shortage and war against militancy are major challenges that the country is faced with and every possible effort is being undertaken to meet these challenges.

 

He said infrastructure development, social sector development, good governance, uninterrupted, affordable and clean energy are some of the major priority areas of the government.

 

The Prime Minister said the government has put in place an investor friendly regime in the country and is facilitating both local as well as foreign investors to attract investment in all areas of economy especially energy, infrastructure development. 

 

Mr. Jin Yong Cai assured the Prime Minister of IFC’s continued engagement with the country for strengthening economy, the energy sector as well as other areas having direct bearing on socio-economic betterment of the people of Pakistan. He also expressed grief over the tragic Peshawar incident.

 

Other members of the delegation included Mr. Mouayed Makhlouf, Regional Director, Middle East North Africa; Mr. Rachid Benmessaoud, Country Director, World Bank Pakistan and Mr. Nadeem A. Siddiqui, Senior Manager, IFC Pakistan.

 

Minister for Finance Mr. Mohammad Ishaq Dar and Pakistan’s Executive Director in the World Bank Mr. Nasir Mahmood Khan Khosa were also present during the meeting.