INTERNATIONAL Finance Corporation (IFC), a private sector arm of World Bank Group, has invested US$23.5 million (about Bt736 million) in four microfinance institutions (MFIs) in Myanmar, and is eager to invest more this year.

IFC, a sister organisation of the World Bank and a member of the World Bank Group, yesterday signed an advisory services agreement with Myanmar’s Ministry of Construction (MoC) to design and implement a public-private partnership (PPP) transaction for an elevated expressway toll road in Yangon.