Caretaker Finance Minister Dr. Shamshad Akhtar met with the Country Director World Bank Najy Binhassine and his team in Islamabad to discuss and finalize the financing for two World Bank funded operations in Pakistan.
These include additional financing of 250 million dollars for an ongoing World Bank funded program titled Crisis-Resilient Social Protection Program and Resilient and Accessible Microfinance Program worth 175 million dollars.
The World Bank team apprised the Finance Minister about the broad contours of the RAM program, its funding volume and objectives.
The meeting was informed that microfinance sector of Pakistan has shown resilience and continued to grow despite multiple exogenous shocks.
The proposed program will help to not only overcome the constraints of microfinance sector but also ensure more resilient, inclusive and growing microfinance sector in Pakistan.
At the end, Finance Minister appreciated the continuous support of the World Bank to Pakistan.
Source: Radio Pakistan