Pakistan Gains World Bank Financing to Stabilize Economy

The

is lending USD500 million to stabilize Pakistan's economy. The funding will specifically be used to improve macroeconomic fundamentals, strengthen the financial sector and decrease barriers to business entry and exit in the Asian nation. Part of the loan will support the government's cash transfer schemes, particularly the Benazir Income Support Program.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.