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World Bank Country Dir on reports on delaying loans

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  • Post category:Economy / Pakistan
  • Post last modified:19/01/2023
  • Reading time:2 mins read

ISLAMABAD: Country Director of the World Bank for Pakistan Najy Benhassine has stated that Media reports on delaying loans for Pakistan were unfounded.

Taking to the twitter he said: “The press reports that refer to a World Bank decision to delay approval of potential Bank operations in Pakistan are unfounded.

“The tentative Board approval dates of all of our proposed operations, as well as their amounts, are indicative, and…

“the World Bank decides on the timing for sharing project proposals for Board consideration following due process and based on the proposed projects’ readiness.”

It may be recalled that a section of the Press has insinuated that WB had delayed approval of $1.1Billion for Pakistan until next fiscal year.

Sana Mehmood

Sana Mahmood studied Business and Finance from Karachi and writes on a number of subjects particularly activities in Bourse etc.