International Finance Corporation Makes $1m Equity Investment in Pakistani Tameer Microfinance Bank

The World Bank Group’s private sector arm, the International Finance Corporation (IFC), bought a 10% stake in Tameer, a fledgling Pakistani microfinance bank. Established in 1956 to promote private sector investment in developing countries, the IFC (based in Washington D.C.), had over $26 billion in total assets and a total committed loan portfolio of $19.3 billion as of the end of June this year.
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