The World Bank has announced on Wednesday to financially support the newly-elected government of Pakistan’s reform plans in the country.
The official of the World Bank said that the reform plans are needed to stabilize the country’s economy and accelerated growth to finish the poverty and boost the prosperity.
The newly-appointed vice-president of the World Bank for the South Asia region, Hartwig Schafer, has made the commitment.
Mr Schafer has made the commitment when he met the Pakistani government’s officials and key counterparts to discuss the development priorities of the country and the reform agenda.
He said, “The visit gave me an opportunity to learn more about how the World Bank can support millions of the Pakistani people, especially the youth of Pakistan, through investments in the country’s several sectors including, education, health, nutrition, skills and the digital economy.”
“I am impressed with the newly-elected PTI government’s plan to invest in the human capital and creating jobs in the country, attract the investments through an ease of doing business and better region connectivity, improve the infrastructure and the service in Karachi and strengthen the management of water and the environment,” Mr. Schafer added.
He further said that he looked forward to working with the Federal government as well as with the provincial governments and supporting them in their bid to implement the urgent reforms needed to stabilize the economy of Pakistan.
The Vice-President of the World Bank met Finance Minister of Pakistan Asad Umar, Shah Mehmood Qureshi the Foreign Minister, and an advisor to the Prime Minister Razzak Dawood during his two-day visit to Islamabad.