Pakistan is likely to get loans of up to 40 billion dollars, in which 20 billion dollars will be given by the World Bank, while the remaining 20 billion dollars will be supported by 2 subsidiaries of the World Bank.
According to the report of Express News, the sources said that the World Bank has agreed to give a loan of 20 billion dollars to Pakistan in 10 years and the approval of the loan from the Board of Directors of the World Bank is expected in the middle of this month.
According to the report, after the approval of the loan, the Vice President of the World Bank Martin Racer is also expected to visit Islamabad.
Sources say that 10-year targets have been set under the loan program, the loan will be disbursed under the Country Partnership Framework 35-2025.
According to sources, the 10-year loan program aims to focus on improving the most neglected sectors, while projects under the loan will be protected from political changes.
According to the report, 2 subsidiaries of the World Bank will support the acquisition of private loans of another 20 billion dollars, while the total package will reach 40 billion dollars with another 20 billion dollars.
