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World Bank approves $400 million IDA soft loan for KP

World Bank approves $400 million IDA soft loan for KP National April 24, 2021 ISLAMABAD: The World Bank has approved $400 million IDA soft loan to support Pakistan in accelerating investments in education and health services in the Khyber Pakhtunkhwa (KP) province. According to the WB’s announcement made here on Friday, the World Bank’s Board of Executive Directors approved $400 million in financing from the International Development Association (IDA) to support the KP in education and health services. The KP Spending Effectively for Enhanced Development (SPEED) program will help the provincial government strengthen its management of public resources and fiscal planning to sustain human capital investments in education and healthcare services. By implementing critical reforms in budget allocation and expenditures, the provincial program will contribute to increased quality of schools and health centers and remove obstacles to reach ‘the last mile’ in the delivery of ed

World Bank approves $400m for K-P

World Bank approves $400m for K-P Loan will address staff and budget issues in education and health sectors World Bank. PHOTO: FILE ISLAMABAD: The World Bank has approved a new loan of $400 million for Khyber-Pakhtunkhwa (K-P) province for addressing staff and budget issues in education and health sectors - the tasks that can be performed without contracting more debt. The World Bank’s Board of Executive Directors approved $400 million in financing to support Pakistan in accelerating investments in education and health services in the K-P province, said the World Bank on Friday. It added that the K-P Spending Effectively for Enhanced Development (SPEED) programme would help the provincial government strengthen its management of public resources and fiscal planning to sustain human capital investments in education and healthcare services.

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