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.