Pakistan signs financing pacts worth $1500m with three IFIs.
Islamabad -- Prime Minister Imran Khan witnessed the signing ceremony of financing agreements worth $1,500 million with the three International Financial Institutions (IFIs) on Friday.
The World Bank (WB), the Asian Development Bank (ADB), and the Asian Infrastructure Development Bank (AIIB) signed a program as means to lend support to Pakistan's efforts against coronavirus.
Covid-19 Active Response and Expenditure Support Program (CARES) worth $500 million is being supported by ADB. The AIIB is extending co-financing of $500 million for CARES alongside ADB.
The objective of the program to support government of Pakistan's efforts to strengthen the health system and mitigate socioeconomic impacts of the covid-19 pandemic. Securing Human Investments to Foster Transformation...
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