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World Bank to provide $500 m credit to Pakistan

Latest Update: June 19, 2015 | 191 Views

The World Bank and Pakistan have signed the Second Fiscally Sustainable and Inclusive Growth DPC (Development Policy Credit) of five hundred million dollars of to support Pakistan’s efforts to reinvigorate growth and stabilize the economy.

Pakistan’s ambassador to the United States Jalil Abbas Jilani and Annette Dixon, the World Bank Vice President for the South Asian region, signed the accord in Washington.

Speaking on the occasion, ambassador said another similar credit agreement of about five hundred million dollars will be signed in September this year with the World Bank for the energy sector reforms.

He said the credit is aimed at Pakistan’s goal of accelerating growth to help create jobs and economic opportunity for all.

The ambassador said this reflects the growing confidence of International donor agencies in

Pakistan’s economy including the International Monetary Funds have expressed satisfaction over the transparent use of funds by the government to stabilize the economy.


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