International Finance Organisation (IFC)
IFC to increase investments in Bangladesh in next 5 yrs
International Finance Organisation (IFC) aims to double its investments in Bangladesh within the next five years, said a top ranking IFC official of the development organisation.
It will have a focus on creating new jobs, with new investments to help accelerate the country's resilient recovery and to spur green growth.
The comments by IFC Regional Director for South Asia, Hector Gomez Ang, came at the end of a five-day visit to Bangladesh, which included meetings with senior government officials, private sector representatives, think tanks, potential new clients and other key stakeholders.
Read:Nordic envoys emphasise importance of democracy with fair elections in Bangladesh
Gomez Ang was accompanied by IFC's recently appointed Country Manager for Bangladesh, Bhutan and Nepal, Martin Holtmann, as well as senior IFC industry experts.
Energy and energy transmission as well as infrastructure to improve the quality of healthcare in Bangladesh, in the wake of COVID 19 impacts, and the need for affordable housing were among the areas singled out by Gomez Ang as targets for investment.
“IFC promotes energy diversification and already supports more than 20 percent of the private power generation in Bangladesh. We are looking to do more in terms of the energy mix and transmission, and also to explore new opportunities in healthcare, education, climate and economic zones, and green, affordable housing,” Gomez Ang added.
“An upper middle-income Bangladesh starts with a livable Dhaka, and we are eager to develop the affordable housing sector which is critical for inclusive growth.”
2 years ago