Thursday August 18, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

WB, ADB, AIIB to provide $1.5b to Pakistan to mitigate impacts of coronavirus

by Web Desk June 20, 2020

AA

 WB, ADB, AIIB to provide $1.5b to Pakistan to mitigate impacts of coronavirus

ISLAMABAD: The World Bank (WB), Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) will provide financing worth 1.5 billion dollars to Pakistan to strengthen health system and mitigate socioeconomic impacts of the Covid-19 pandemic.

Prime Minister Imran Khan witnessed the signing ceremony held in Islamabad.

The ADB will provide 500 million dollars for Covid-19 Active Response and Expenditure Support Program (CARES). The programme is aimed at supporting Pakistan’s efforts to strengthen the health system in the wake of Covid-19 pandemic.

Also Read: Pakistan can repay China’s loans while staying in the IMF program

The AIIB is extending co-financing of 500 million dollars for CARES to augment government’s efforts to mitigate the direct and indirect impacts of Covid-19 pandemic.

An other amount of 500 million dollars will be provided under Securing Human Investments to Foster Transformation (SHIFT). It aims to strengthen the civil registration and vital statistics, health and education systems essential for human capital accumulation to recognize and support women’s contribution to economic productivity and improve efficiency of the national safety nets.

The disbursement of 1.5 billion dollars will be disbursed to Pakistan in next few days.

Secretary Economic Affairs Noor Ahmed signed the three loan agreements on behalf of Government of Pakistan while Country Director World Bank Patchamuthu Illangovan, Country Director ADB Ms. Xiaohong Yang signed agreements on behalf of the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank.

Post Views: 145

Share This:

Tags: ADB AIIB coronavirus Pakistan WB
Previous post
Next post




Polls

Will PTI get majority in coming By-elections in 9 National Assembly Constituencies?

View Results

Loading ... Loading ...
Most Recent
News

Shahbaz Gill shifted to PIMS hospital from

August 18, 2022
World

16 killed, dozens missing in northwest China

August 18, 2022
News

Court approves physical remand of prime suspect

August 18, 2022
Entertainment

Adnan Siddiqui requests CM Murad Ali Shah

August 18, 2022
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jul    
Related Stories for you

Vets tackle jumbo tusk task on Pakistan zoo elephants

August 18, 2022

Karachi: A team of international vets armed with specially-designed dentist drills began operating Wednesday on a pair of elephants “in

Pakistani Academy Selection Committee invites local filmmakers to submit their films for 95th Oscars

August 17, 2022

The Pakistani Academy Selection Committee is inviting Pakistani filmmakers to submit their films for Oscar consideration in the International Feature

Dead Indian soldier found after 38 years on ‘world’s highest battlefield’

August 17, 2022

New Delhi: The body of an Indian soldier who went missing 38 years ago on a glacier on the disputed

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.