World Bank Approves USD700 Million to Support Pakistan’s Economy
The financing is part of the Public Resources for Inclusive Development—Multiphase Programmatic Approach (PRID-MPA), a nationwide initiative designed to back federal and provincial reforms that enhance domestic revenue mobilization. The program envisions total support of up to $1.35 billion, according to a statement released by the World Bank on Friday.
Out of this allocation, $600 million will be directed toward federal-level programs, while $100 million is earmarked specifically for Sindh province.
"Pakistan’s path to inclusive, sustainable growth requires mobilizing more domestic resources and ensuring they are used efficiently and transparently to deliver results for people," said Bolormaa Amgaabazar, World Bank country director for Pakistan.
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