A delegation of nine executive directors of the World Bank arrived in Pakistan, marking the first visit of this type in two decades.
The delegation will meet with the Prime Minister, the Minister of Finance, the Minister of Planning, the Minister of Energy and the Minister of Economic Affairs to discuss the effective implementation of $ 40 billion in funds.
The delegation will discuss strategies for the effective implementation of the countries association framework.
In addition, the delegation will visit the provinces to review development initiatives and formulate strategies. The team is expected to visit Khyber Pakhtunkhwa, Sindh, Punjab and Baluchistan.
Previously, the Vice President of the World Bank for Asia del Sur, Martin Raiser, declared that the loans of $ 20 billion will be insufficient to achieve the 10 -year development objectives, and Pakistan will have to mobilize more resources to overcome their challenges.
In a statement issued after a one -week visit to Pakistan, Raiser seemed to balance the optimism surrounding the association framework of countries of $ 20 billion with the real financing of Pakistan to address the human capital crisis.
“The support of the World Bank Group will not be enough to achieve the established ambitious objectives. Attracting the private sector investment improving the commercial climate is, therefore, the need for the time,” Raiser said in a statement issued by the office of the country after the end of the end of the visit.
Meanwhile, Pakistan has begun preparations to ensure another loan program of $ 1.5 billion of the International Monetary Fund (IMF), with negotiations scheduled for this month.
Two IMF delegations are expected to visit Pakistan to carry out an economic review for both the new loan program and for the next section of the already approved program of $ 7 billion.
The total discussions will cover a combined loan amount of $ 2.5 billion.
According to the sources, an IMF delegation will visit Pakistan on February 24 to negotiate the concessional loan of $ 1.5 billion. According to reports, this new loan program aims to address the damage caused by climate change.
