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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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