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World Bank Approves Millions in Support of Pakistan’s Economy
(MENAFN) The World Bank announced on Friday that it has approved $700 million in financing to bolster Pakistan’s macroeconomic stability and improve service delivery.
The funding is part of the Public Resources for Inclusive Development—Multiphase Programmatic Approach (PRID-MPA), a nationwide initiative designed to strengthen both federal and provincial reforms aimed at mobilizing domestic revenue. The program envisions total financing of up to $1.35 billion.
Of the approved amount, $600 million will be allocated to federal-level programs, while $100 million is earmarked specifically for Sindh province.
Bolormaa Amgaabazar, the World Bank’s country director for Pakistan, emphasized: “Pakistan’s path to inclusive, sustainable growth requires mobilizing more domestic resources and ensuring they are used efficiently and transparently to deliver results for people.”
The funding is part of the Public Resources for Inclusive Development—Multiphase Programmatic Approach (PRID-MPA), a nationwide initiative designed to strengthen both federal and provincial reforms aimed at mobilizing domestic revenue. The program envisions total financing of up to $1.35 billion.
Of the approved amount, $600 million will be allocated to federal-level programs, while $100 million is earmarked specifically for Sindh province.
Bolormaa Amgaabazar, the World Bank’s country director for Pakistan, emphasized: “Pakistan’s path to inclusive, sustainable growth requires mobilizing more domestic resources and ensuring they are used efficiently and transparently to deliver results for people.”
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