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World Bank Supports Pakistan Competitiveness, Disaster Resilience

June 21, 2016

WASHINGTON, June 21, 2016 - The World Bank’s Board of Executive Directors today approved the following projects:

PROJECT 1: Competitiveness and Growth Development Policy Financing (CGDPF)

IDA Credit: US$1.02 billion equivalent

Terms: Maturity = 25 years, Grace = 5 years

Project ID: P157207

Project Description:  To support the Government of Pakistan’s efforts to encourage economic growth and investment for reducing poverty and building shared prosperity.


PROJECT 2: Sindh Resilience Project (SRP)

IDA Credit: US$100

Terms: Maturity = 24 years, Grace = 5 years

Project ID: P155350

Project Description: To reduce flood and drought risks in selected areas of Sindh and to strengthen the province’s capacity to manage natural disasters. 

Media Contacts
In Islamabad
Shazhad Sharjeel
Tel : (92-51) 227 9641
In Washington DC
Joe Qian
Tel : (202)-473-5633