ISLAMABAD: World Bank and Pakistan have signed seven project agreementsworth $1.336 billion to support government’s initiatives in socialdevelopment.
Economic Affairs Secretary Noor Ahmed signed the financing agreements onbehalf of Pakistan during a ceremony held in Islamabad, whilerepresentatives of Sindh, Khyber Pakhtunkhwa and Balochistan governmentssigned their respective project agreements online. World Bank CountryDirector Najy Benhassine signed the agreements on behalf of the bank.
“This financing will support government’s initiatives in social protection,disaster & climate risk management, infrastructure improvement, agriculture& food security, human capital development etc.,” a statement issued onFriday read.
Speaking on the occasion, Khusro Bakhtyar thanked the World Bank managementfor extending their continuous support to Pakistan’s sustainabledevelopment agenda. “This continued and enhanced support shows theconfidence of international financial institutions and development partnerson the progress and reforms being undertaken by the present government,” heremarked.Article continues after this advertisement
The minister reiterated the federal government’s commitment to extend allpossible support to the provincial governments in order to overcomedevelopment woes.
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Meanwhile, WB Country Director Najy Benhassine assured the government ofthe bank’s continuous financial and technical support to promote inclusiveand sustainable economic growth in Pakistan.
The agreements signed between WB and the Government of Pakistan include:
