|
World Bank approves $6.2bn assistance for Pakistan
 ISLAMABAD: The World Bank has endorsed a proposed lending programme of up to $6.2 billion for fiscal years 2010-2013 for Pakistan. The funds will primarily be used for poverty reduction.On Friday, the World Banks Board of Executive Directors discussed a new Country Partnership Strategy (CPS) for Pakistan. The goal of the CPS which is in direct support of Pakistans own Poverty Reduction Strategy is to help steer its economy back onto a path of high growth by addressing the countrys key long-term issues to growth, the bank said. The programme will help address constraints like weak revenue mobilisation, unreliable energy supply, and a fragile security situation. The bank also pledged to continue support for the education and health systems, reinforce safety net systems, and enhance the earning capacity of the poor and vulnerable. Posted by: Steve White 2010-07-10 |
| http://www.rantburg.com/poparticle.php?ID=300709 |