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Sunday, September 25, 2011
World Bank to provide $300m to Pakistan for education
WASHINGTON: The World Bank (WB) will provide $300 million to Pakistan to support higher education programmes, according to officials. An agreement was inked by WB Country Director Rashid bin Masood and Economic Affairs Division Secretary Abdul Wajid Rana, who is here with the Pakistani delegation attending IMF-World Bank meetings. Under the programme, Pakistan will get an idle loan on concessional terms. According to officials, “The money will be available to Pakistan immediately under the disbursement-linked and indicator-based loan as soon as a certain indicator is achieved. The money will be spent on scholarships, centres of excellence and other support for tertiary and higher education in Pakistan.” app
Courtesy www.dailytimes.com.pk