World Bank offers $2 billion to Pakistan

ISLAMABAD: The World Bank has offered $2 billion to cash-strapped Pakistan as a mark of confidence over its economic recovery.

World Bank Managing Director Sri Mulyani Indrawati met Prime Minister Nawaz Sharif here yesterday.

The Dawn reported that she said that confidence of the public and private sector in Pakistan has been restored and the bank was looking forward to increasing cooperation.

Appreciating the successful turnaround of Pakistan's economy, she offered an assistance package of $2 billion over a period of four years.

In her with meeting with Sharif, Indrawati appreciated the economic recovery and the policies of the government and the macroeconomic stability achieved by virtue of these policies.

The prime minister thanked the World Bank for its support and said that priority areas of his government's development strategy were energy, economy and education.

He welcomed cooperation extended by the bank and development partners in these areas.

Indrawati also met with Finance Minister Ishaq Dar and discussed the bank's development policy and measures taken by the government to reform the economy.