ISLAMABAD: World Bank Country Director Najy Benhassine on Saturday said the bank was allocating $ 2 billion funds from existing projects financed by the bank for emergency operations in flood affected areas to support Pakistan.
He said this, while flanked by his team, in a meeting with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at the Finance Division in Islamabad.
The World Bank country director further informed that around $ 1.5 billion funds would be mobilised this year due to emergency situation.
The finance minister welcomed Najy Benhassine and his team and shared economic challenges that the country was currently facing. He said that the present government was cognizant of the issues and was taking pragmatic steps to resolve bottlenecks to growth.
“The present government is committed to set the economy on sustainable and inclusive growth path,” he said. He also informed about the devastations caused by the recent floods in the country.