WB okays $500m loan to help govt fight Covid-19 effect

Dawn | May 23, 2020 at 5:46 AM
  • In a fast-moving process, the executive board of the World Bank has approved a $500 million loan to help Pakistan improve health and education facilities, generate jobs for women and strengthen social safety nets under its efforts to fight the impact of the Covid-19 pandemic.
  • The finance division had presented seven concept papers for different loans from the World Bank and the Asian Development Bank for a total loan of about $1.8bn.
  • The project “Securing Human Investments to Foster Transformation (SHIFT)” will contribute to improvements in the quality of civil registration and vital statistics, birth and death certification rates and the ability of the country to better plan for human capital accumulation.