WB offers $2b assistance package for Pakistan

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Prime Minister Muhammad Nawaz Sharif in a meeting with Ms. Sri Mulyani Indrawati, MD World Bank at PM House, Islamabad on 3rd August, 2015.

ISLAMABAD, Aug 3: The World Bank on Monday offered International Bank for Reconstruction and Development (IBRD) assistance package of $2 billion for over a period of four years after break of many years.
In a meeting with Prime Minister Nawaz Sharif, Managing Director World Bank Sri Mulyani Indrawati appreciated the successful economic turnaround in the country. She also appreciated the economic turnaround made possible by the policies of the government and the macro-economic stability achieved by virtue of these policies.
The prime minister appreciated the World Bank’s continuous support to Pakistan and said that priority areas of development strategy are energy, economy, and education sectors and welcomed the cooperation of WB and other development partners in these areas.
The MD World Bank said the confidence of the public and private sector has been restored and World Bank considers Pakistan as a reliable partner and is looking forward to increasing cooperation.
PM Sharif informed the MD World Bank about improving and building of rail and road links from Karachi and Gwadar to Turkmen city of Tirmiz, where Central Asian States including Turkmenistan, Uzbekistan, Afghanistan and Tajikistan have borders at short distances. She assured World Bank’s support for the proposed initiative.

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