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HomeFinanceThe World Bank Board Approves Pakistan's $350 million RISE-II Project

The World Bank Board Approves Pakistan’s $350 million RISE-II Project

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The Second Resilient Institutions for Sustainable Economy (RISE-II) Operation, which aims to improve fiscal management and foster competitiveness for sustained and inclusive economic growth, has received $350 million in funding from the World Bank Board of Executive Directors. 

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Najy Benhassine, the World Bank’s Country Director for Pakistan, states that “Pakistan needs urgent fiscal and structural reforms to restore macroeconomic balance and lay the foundations for sustainable growth.”

RISE-II completes the first phase of business climate, energy, and tax reforms aimed at improving the targeting of expenditures, boosting investment and competition, and raising additional revenues.

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