World Bank to provide Pakistan over $2bn in loans this fiscal year
Pakistan has received $11.84 billion in World Bank loans over the past seven years
ISLAMABAD: The World Bank will provide more than $2 billion in loans to Pakistan during the current fiscal year, according to official documents from the Economic Affairs Division.
The financing, to be extended through the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD), will be directed towards projects in agriculture, energy, water, finance, revenue, governance, and social services.
Read More: World Bank backs Punjab with $48m for better primary schools
At present, 57 World Bank–funded projects worth $16.6 billion are underway across the country. These initiatives cover a wide range of areas, including communication, rural and urban development, human capital investment, and governance reforms, the documents show.
The bank has also pledged an additional $8.6 billion for upcoming projects in the coming years.
Pakistan has received $11.84 billion in World Bank loans over the past seven years, with the energy sector receiving the largest share ($1.96 billion).
Comments are closed, but trackbacks and pingbacks are open.