World Bank Lends $100 Million for More and Better Jobs in Pakistan

March 31, 2016

WASHINGTON, March 31, 2016 - The World Bank’s Board of Executive Directors today approved the following project:

Pakistan – More and Better Jobs in Pakistan

IDA Credit: US$100 million equivalent

Terms: Maturity = 18.5 years, Grace = 4.5 years

Project ID: P155963

Project Description: To improve the investment climate in Punjab and create more and better jobs, thus contributing to reducing unemployment and poverty in Pakistan. This will be the first IBRD loan after Pakistan became eligible again.

Media Contacts
In Islamabad
Shazhad Sharjeel
Tel : (92-51) 227 9641
In Washington DC
Joe Qian
Tel : Tel : (1202)-473-5633