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World Bank assures support in economic reforms

World Bank Regional Vice President for South Asia, Hartwig Schafer, arrived in Islamabad. Source: Twitter.

ISLAMABAD: The World Bank assured full support in future to implement the projects funded by the institution and also economic reforms in the country.

World Bank Regional Vice President for South Asia, Hartwig Schafer, had held a meeting with Deputy Chairman Planning Commission, Dr Mohammad Jahanzeb Khan in Islamabad and discussed the country’s development priorities and to support Pakistan’s ambitious reform program on economic growth strategy.

Mr Schafer was accompanied by the Country Director for Pakistan Mr Najy Benhassine, Lire Ersado, Program Leader, Human Development, World Bank; Abedalrazq F Khalil, Program Lead Sustainable Development, World Bank, and economist Shabih Ali Mohib.

During the meeting Mr Hartwig Schafer appreciated the steps taken by the Planning Commission in various sectors especially in Agriculture and Gender.

The vice president underscored the need for structured reforms while appreciating the Planning Commission for approving key projects funded by the World Bank, which includes National Health Support Program, KP Rural (Road) Accessibility Project, Girl’s Results Agenda for Development of Education Sector in Punjab. Similarly, the government’s development priorities for the next few years were also discussed in various sectors.

Mr Schafer stressed the Planning Commission to focus on Coal and Hydropower projects which will help Pakistan to meet its energy needs and would contribute toward increased growth rate essential for further progress of the country.

During the meeting, the Deputy Chairman Planning Commission briefed the delegation about the development progress in various sectors which includes energy, climate change, education, health, agriculture and others.

“Currently Pakistan is growing at 4-4.5% and it can easily go up to 6-7 %,” he said, while highlighting the growth strategy of the country. He informed the delegation that private sector should be fully enabled to play a leading role.

Dr Jahanzeb urged the World Bank to continue supporting the government of Pakistan in order to implement the projects. Key members of the Planning Commission also briefed the delegation about the progress in their respective sectors.

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