2024-07-10 08:09:30
(Web Desk) How many dollars has the World Bank given to Pakistan in the last financial year? For what purposes was this money given? The World Bank has issued a report.
According to a private TV report, the World Bank has released a record amount of $2.25 billion to Pakistan during the fiscal year 2023-24, including $350 million as a policy loan.
World Bank Country Director for Pakistan, Naji bin Hussain, in an official message sent to the Federal Minister for Economic Affairs Ahad Cheema and other senior officials of the ministry, said that along with your personal support and leadership, Federal Secretary Kazim Niaz and his Appreciates the leadership and efforts of the team that has ensured significant improvement in the implementation of World Bank-assisted projects and disbursement of record amounts in FY24.
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The message added that the leadership of the federal and provincial ministries and departments, as well as the provincial governments, should be equally commended for their strong support in achieving these results]Disbursements, including $350 million from the Second Institution for Sustainable Economy (RISE-II) development policy financing, are the largest disbursements in history and reflect significant and much-needed results on the ground. do
Excluding Rise to Budget support or emergency cash transfers released after the 2022 floods, standard IPF and P4R portfolio issuance in FY24 is higher than FY23, which was already a record year.
2024-07-10 08:09:30