IFC plays an all-rounder role for private sector, governments in region | GulfNews.com

IFC plays an all-rounder role for private sector, governments in region | GulfNews.com:

"International Finance Corporation (IFC), a member of the World Bank, has invested $6 billion in the region, playing an all-round role in financing, advising, among others, and a top official said its role is important as ever as foreign investors become averse. IFC, which is the largest global development institution focused on the private sector in developing countries, has invested billions of dollars directly or indirectly through private equity firms and venture capitalist in 400 firms. “As objectives change and as situation of countries changes, as foreign investors feels less comfortable with certain countries depending on their macro environment, we have a higher risk appetite. So investors are leaving the town, we are going in. So it’s a counter cyclical role, we play it quite well,” Deepak Khanna, Chief Investment Officer at IFC, told Gulf News on the sidelines of the Sharjah FDI Forum."



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