Aid agreement reached between Pakistan and World Bank

World Bank-Pakistan

Pakistan and the World Bank have signed a 1.36 billion aid agreement.

According to the report of the news agency, the signing ceremony of the agreements with the World Bank was attended by the Minister of Economic Affairs Khusro Bakhtiar and the Country Director of the World Bank Naji Benha Sen on behalf of Pakistan.

On behalf of Pakistan, Economic Secretary Amur Noor Ahmed signed while the representatives of Sindh, Balochistan and Khyber Pakhtunkhwa signed their agreements online.

According to media reports, there are a total of six projects worth 1.36 billion, including a grant of 128 million, in the areas of governance including social security, agriculture and food security, human development, and climate risk Improvement measures are included.

On the occasion, the World Bank Country Manager said that millions of Pakistani families were affected by the Corona crisis, most of whom were from the informal sector.

Under the relief program, 200 million has been allocated to protect crops in Punjab and Sindh from locusts and food security, while 200 million has been allocated to reduce the risk of floods and drought in some areas of Sindh.

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