Pakistan
PAKISTAN WORLD BANK APPROVES $ 700 MILLION LOAN
The World Bank approved $700 million for Pakistan under its PRID-MPA program, with $600 million allocated to federal programs and $100 million to Sindh province. The lender said the funds will be released under the bank’s Public Resources for Inclusive Development — Multiphase Programmatic Approach (PRID-MPA), which could provide up to $1.35 billion in total financing. Of this amount, $600m will go for federal programmes and $100m will support a provincial programme in Sindh. The approval follows a $47.9m World Bank grant in August to improve primary education in Punjab. Through the PRID-MPA, the bank is launching a nationwide approach to support reforms that expand fiscal space, bolster investments in human capital and climate resilience, and strengthen revenue administration, budget execution, and statistical systems. (ICE ISLAMABAD)
Fonte notizia: wb
