ISLAMABAD: Pakistan and the World Bank signed two agreements of $ 371 million to support projects in the agriculture and social sector.
World Bank’s country director Patchamuthu Illangovan signed the agreements on behalf of his organisation.
The agreements were signed online by the Ministry of Economic Affairs secretary Noor Ahmed on behalf of the federal government, while representatives of Punjab and Khyber Pakhtunkhwa signed the agreements on behalf of their governments.
These include a $200 million Supporting Human Capital Accumulation in Punjab by Early Investment Project which aims to increase the utilisation of quality health services, and economic and social inclusion programmes among poor and vulnerable households in the select districts in the province.
The total approved cost of the project is $330 million, including World Bank financing of $200 million. The project will strengthen the quality of primary healthcare services, introduce a conditional cash transfer (CCT) program, and support economic inclusion for a young parent.
It will strengthen the quality of early childhood education (ECE) and lower primary education and increase the efficiency and sustainability of Punjab’s pro-poor initiatives.
Read more: World Bank to launch $145 million COVID-19 response projects in Sindh
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