ahlam1399
09-01-2016, 04:13 AM
ISLAMABAD: Pakistan and the World Bank (WB) on Wednesday signed four agreements worth $650 million for extending financial support to crucial sectors, including education, health, water and to manage natural disasters.
According to an an**uncement made by the Ministry of Finance here, Finance Minister Senator Ishaq Dar witnessed the signing ceremony of four agreements worth $650 million with the World Bank on Wednesday to support projects in education, health, water and disaster sectors.
Tariq Bajwa, Secretary Eco**mic Affairs Division, signed the financing agreements on behalf of the Government of Pakistan while representatives of governments of Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan signed the project agreements on behalf of their respective governments. *****amuthu Illangovan, Country Director World Bank, signed the agreements on behalf of the World Bank.
Ishaq Dar thanked the World Bank for its support, while Country Director, World Bank, appreciated Pakistan’s progress in eco**mic reform and stabilisation, especially over the last three years.
The projects include:
i. Balochistan integrated water resources management and development project – $200 million: This project’s development objectives are to strengthen provincial government capacity for water resources monitoring and management and to improve community based water management for targeted irrigation schemes in Balochistan.
ii. Third Punjab education sector project (PESP-III) – $300 million: The objective of the project is to support Punjab to improve school participation, completion and teaching-learning practices with a particular focus on low performing districts.
iii. Sindh Resilience Project - $100 million: The objectives of the project are to mitigate flood and drought risks in selected areas and to strengthen Sindh’s capacity to manage natural disasters.
iv. National Immunisation Support Project (NISP) – $50 million, multi-do**r trust fund grant of $39.68 million (the MDTF grant) for NISP: The objective of the project is to increase the equitable coverage of services for immunisation against vaccine preventable diseases (VPD), including poliomyelitis, for children below 23 months in Pakistan.
On the occasion, the finance minister also said that he hopes that the completion of these projects will add to the general welfare of the public as promised by the government.
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According to an an**uncement made by the Ministry of Finance here, Finance Minister Senator Ishaq Dar witnessed the signing ceremony of four agreements worth $650 million with the World Bank on Wednesday to support projects in education, health, water and disaster sectors.
Tariq Bajwa, Secretary Eco**mic Affairs Division, signed the financing agreements on behalf of the Government of Pakistan while representatives of governments of Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan signed the project agreements on behalf of their respective governments. *****amuthu Illangovan, Country Director World Bank, signed the agreements on behalf of the World Bank.
Ishaq Dar thanked the World Bank for its support, while Country Director, World Bank, appreciated Pakistan’s progress in eco**mic reform and stabilisation, especially over the last three years.
The projects include:
i. Balochistan integrated water resources management and development project – $200 million: This project’s development objectives are to strengthen provincial government capacity for water resources monitoring and management and to improve community based water management for targeted irrigation schemes in Balochistan.
ii. Third Punjab education sector project (PESP-III) – $300 million: The objective of the project is to support Punjab to improve school participation, completion and teaching-learning practices with a particular focus on low performing districts.
iii. Sindh Resilience Project - $100 million: The objectives of the project are to mitigate flood and drought risks in selected areas and to strengthen Sindh’s capacity to manage natural disasters.
iv. National Immunisation Support Project (NISP) – $50 million, multi-do**r trust fund grant of $39.68 million (the MDTF grant) for NISP: The objective of the project is to increase the equitable coverage of services for immunisation against vaccine preventable diseases (VPD), including poliomyelitis, for children below 23 months in Pakistan.
On the occasion, the finance minister also said that he hopes that the completion of these projects will add to the general welfare of the public as promised by the government.
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