IFC establishes presence in Malaysia, aims to help private firms improve competitiveness

[KUALA LUMPUR] WITH its new office in Malaysia now operational, the International Finance Corporation (IFC), a member of the World Bank Group, says it wants to support the country’s efforts to become more “prosperous, inclusive and sustainable”.

Kim-See Lim, the IFC’s regional director for East Asia and the Pacific, said the institution has spent the past 10 years mainly supporting Malaysian companies and financial institutions to invest in emerging markets and developing economies.

The focus will now shift to investing in and advising companies that can support Malaysia’s growth, she told The Business Times in a recent interview. Such companies will include those based in, or with plans to expand in, less-developed and underserved parts of Malaysia.