Particle.news
Download on the App Store

World Bank Approves $700 Million PRID Financing for Pakistan

Future releases hinge on reforms in taxation, subsidies, and data systems aligned with Pakistan’s IMF program.

Overview

  • The World Bank cleared a $700 million tranche to support macroeconomic stability and improve delivery of public services.
  • Of the package, $600 million backs federal programs while $100 million funds a separate reform program in Sindh.
  • The multiphase PRID‑MPA framework could total up to $1.35 billion, with disbursements linked to meeting specified reform targets.
  • Federal priorities include tax policy and administration improvements, expanded IFMIS and e‑procurement, targeted subsidy schemes, and a stronger national statistical system.
  • The initiative aligns with Pakistan’s IMF‑supported reform path and follows an August $47.9 million World Bank grant for primary education in Punjab.