ISLAMABAD: World Bank and Pakistan have signed seven project agreements worth $1.336 billion to support government’s initiatives in social development. “This financing will support government’s initiatives in social protection, disaster & climate risk management, infrastructure improvement, agriculture & food security, human capital development etc.,” a statement issued on Friday read. Speaking on the occasion, Khusro Bakhtyar thanked the World Bank management for extending their continuous support to Pakistan’s sustainable development agenda. Financial inclusion and informal worker support initiatives of Ehsaas have also been included in the programme. Refugees’ ManagementThe objective of this $50 million project, titled ‘Institutional Interventions for Management of Refugees Project’, is to improve organizational and institutional capacity to manage refugees and host communities.

Source: Pakistan Today March 26, 2021 14:37 UTC