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WB to provide $1.3 billion to support Pakistan’s social sector development

WB to provide $1.3 billion to support Pakistan’s social sector development
March 26, 2021

ISLAMABAD (92 News) - World Bank is to provide 1.3 billion dollars to Pakistan to support its initiatives in different sectors.

An agreement to this effect was signed in Islamabad today.

This financing will support the government's initiatives in social protection, climate change, agriculture and food, governance and human capital development.

Speaking on the occasion, Minister for Economic Affairs Khusro Bakhtyar said this continued and enhanced support shows the confidence of international financial institution on the progress and reforms being taken by the present government.

He reiterated the commitment to extend all possible support to the provincial governments to address the financing needs to overcome the development issues.

Country Director World Bank Najy Benhassine said the world institution will continue to extend financial and technical support to Pakistan to promote inclusive and sustainable economic growth in the country.