WEB DESK: The World Bank on Wednesday offered assistance to Pakistan for relief activities in the earthquake-hit areas of the country. “The World Bank is ready to offer any assistance needed for relief activities,” said Patchamuthu Illangovan, country director WB while talking to Minister for Finance Ishaq Dar here. The World Bank Country Director also expressed deep sense of grief and sorrow over the damage caused by the natural disaster that struck Pakistan on Monday.
He said the World Bank would continue to finance different projects in Pakistan and that he looked forward to strengthening Pak-World Bank co-operation in future. The Finance Minister and Country Director WB also exchanged views on the proposed Equitable Growth Development Policy Credit (DPC-III). The minister informed that the government would have in-house consultation and convey its priorities for next set of Development Policy Credit Loans. Finance Minister also shared with Illangovan details of his recent meeting with Ms Annette Dixon, Vice President, World Bank (South Asia Region) and other senior World Bank officials in Washington.
The minister said his meeting with Annette Dixon was very positive and she appreciated the remarkable economic turnaround achieved by Pakistan as well as the prior actions completed for Power Sector DPC-II. The minister said he was looking forward to World Bank Board meeting in November which would consider the case for release of Development Policy Credit Loan for Energy Sector of Pakistan.