World Bank ready to provide performance-based support to Pakistan, says new VP

The new vice president of World Bank Group`s South Asia region has said the lending agency is ready to provide policy and performance-based support to Pakistan.

Islamabad: The new vice president of World Bank Group`s South Asia region has said the lending agency is ready to provide policy and performance-based support to Pakistan.

Philippe Le Houerou said that the World Bank Group is ready to assist the Pakistan government in reform implementation through policy and performance-based support.

Le Houerou added that the complex challenges facing the country call for not only implementation of multi-sectoral fundamental reforms and investments but also their careful sequencing, the Express Tribune reports.

According to the report, he also assured the government of the World Bank`s support for stabilising the macro economy, deepening the needed structural reforms and implementing needed sectoral investments.

He also welcomed the effort of the government to boost Pakistan`s regional cooperation and extended the World Bank`s support to the Central Asia- South Asia initiative (CASA1000) and Pakistan-India power connectivity, the report added.

Le Houerou has left for India to begin the next leg of his regional visit.

ANI

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