ISLAMABAD: The World Bank has endorsed a proposed lending programme of up to $6.2 billion for fiscal years 2010-2013 for Pakistan. The funds will primarily be used for poverty reduction.On Friday, the World BankÂ’s Board of Executive Directors discussed a new Country Partnership Strategy (CPS) for Pakistan.
“The goal of the CPS — which is in direct support of Pakistan’s own Poverty Reduction Strategy — is to help steer its economy back onto a path of high growth by addressing the country’s key long-term issues to growth,” the bank said.
The programme will help address constraints like “weak revenue mobilisation, unreliable energy supply, and a fragile security situation”.
The bank also pledged to continue support for the education and health systems, reinforce safety net systems, and enhance the earning capacity of the poor and vulnerable.