By IINA,
Islamabad : The World Bank (WB) is to provide a loan of $2 billion to cash-strapped Pakistan, a senior official of the bank said yesterday, according to DPA. “The Bank Group plans to provide up to two billion dollars in credits during this fiscal year to support economic growth and the government’s poverty-focused programs,” said WB’s country director for Pakistan Yusupha Crookes. “These projects will support the immediate challenges in education, health, safety nets and community-led development, while laying the foundation for investment in infrastructure to foster long term growth and job creation,” he added.
The statement came as the bank’s Managing Director Ngozi Okonjo-Iweala concluded her two-day visit of the Islamic country. The statement also came a day after the Asian Development Bank announced that it will provide a 1.5-billion-dollar to Pakistan for the improvement of infrastructure. The loans are expected to help Pakistan which is seeing an economic melt down due to last year’s political crisis and constant terrorist attacks across the country.