World Bank appreciates Pakistan’s reform agenda during COVID-19

The World Bank has appreciated the reform agenda of the Pakistan Tehreek e Insaf (PTI) Government during the novel coronavirus crisis.

According to the details, Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh had a virtual meeting with Managing Director, World Bank Axel Van Trotsenburg and Vice President Hartwing Schafer.

The World Bank appreciated the reform agenda of the present Government and reiterated commitment to support Pakistan through IDA 2020 during the COVID-19 crisis.

The Adviser on Finance appreciated the role of the World Bank in extending assistance to Pakistan to provide much-needed fiscal space to fight the COVID-19 pandemic effectively.

Dr. Abdul Hafeez Shaikh said the government has devised a mechanism for cash transfer to support 16 million deserving families during testing times.

On October 15, The World Bank has signed two financial agreements worth $1150 million with Pakistan.

Prime Minister Imran Khan was also present at the signing ceremony of financial agreements between the World Bank and Pakistan.