The World Bank released a record amount of billions of dollars to Pakistan in 1 year. Important details have been revealed in this regard.
According to details, the World Bank has released a record amount of 2.25 billion dollars to Pakistan during the financial year 2023-24, which includes 350 million dollars as policy loan. The 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 he would appreciate your personal support and leadership as well as Federal Secretary Kazim Niaz and Appreciate the leadership and efforts of his team, which has ensured significant improvement in the implementation of World Bank-supported projects and disbursement of record funds in FY24.
According to “Jang”, the message added that the leadership of the federal and provincial ministries and departments, as well as the provincial governments, should be equally appreciated for their strong support in achieving these results. Disbursed a modest $2.25 billion, including $350 million from the Second Institution for Sustainable Economy (RISE-II) development policy financing. This is the largest disbursement in history and significant on the ground and reflect critical outcomes. Excluding RISE-II budget support or emergency cash transfers released after the 2022 flood, the standard IPF and P4R portfolio outlays in FY24 exceed FY23. , which was already a record year.
Top officials say that while the World Bank’s definition is important, it is also important to assess the impact of donor-funded projects to determine the benefits of the funds used.
