Himalaya Diary -Leading News Portal from Nepal, Kathmandu, Asia
  • Home
  • Business
  • News
    • India
    • Nepal
    • South Asia
    • World
  • Education
  • Literature
  • Sports
  • Literary Festival & Event
  • Science & Technology
  • Home
  • Business
  • News
    • India
    • Nepal
    • South Asia
    • World
  • Education
  • Literature
  • Sports
  • Literary Festival & Event
  • Science & Technology
No Result
View All Result
No Result
View All Result
Home Global News

Pakistan: World Bank Supports Efforts to Strengthen Fiscal Systems and Enhance Service Delivery

himalaya Diary News Service by himalaya Diary News Service
December 21, 2025
in Global News, Pakistan
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter
WASINGTON — The World Bank’s Board of Executive Directors today approved $700 million in financing for the Pakistan Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), a multi-year, multi-program initiative to support macroeconomic stability and service delivery.

The PRID-MPA – an innovative, national program supporting federal and provincial reforms to mobilize domestic revenue – will enhance spending quality and leverage data and digital tools for improved services. The MPA is intended to support ongoing fiscal reforms, aligned with the IMF-Extended Fund Facility program and the National Fiscal Pact. The MPA will provide up to $1.35 billion in total financing. Of this amount, the World Bank has approved $600 million for federal programs and $100 million specifically for the Sindh provincial program. The results-based design ensures that resources are only disbursed once program objectives are achieved.

“Pakistan’s path to inclusive, sustainable growth requires mobilizing more domestic resources and ensuring they are used efficiently and transparently to deliver results for people,” said Bolormaa Amgaabazar, World Bank Country Director for Pakistan. “Through this MPA, we are working with the Federal and Sindh governments to deliver tangible impacts—more predictable funding for schools and clinics, fairer tax systems, and stronger data for decision‑making—while safeguarding priority social and climate investments and strengthening public trust.”

The federal component will focus on raising domestic revenues more fairly, improve budget planning and execution, and strengthen data systems for evidence-based decisions. Key actions include advancing tax policy and administration reforms; financing and scaling the Integrated Financial Management Information System and its linked e-procurement platform; undertaking targeted subsidy reforms; and strengthening the national statistical system led by the Pakistan Bureau of Statistics. Together, these reforms will bolster fiscal stability, expand fiscal space for priority social and climate needs, enhance transparency and spending efficiency, and improve essential public services.

“Strengthening Pakistan’s fiscal foundations is essential to restoring macroeconomic stability, delivering results and strengthening institutions,” said Tobias Akhtar Haque, Lead Country Economist for the World Bank in Pakistan. “Through the PRID‑MPA, we are launching a coherent nationwide approach to support reforms that expand fiscal space, bolster investments in human capital and climate resilience, and strengthen revenue administration, budget execution, and statistical systems. These reforms will ensure that resources reach the frontline and deliver better outcomes for people across Pakistan with greater efficiency and accountability.”

In Sindh, the program is expected to increase provincial revenues, enhance the speed and transparency of payments, and broaden the use of data to guide provincial decision making. The program will directly support the increase of public resources for inclusive development, including more equitable and responsive financing for primary healthcare facilities and more funding for schools

Advertisement Banner
Previous Post

World Bank Expands Support to Promote a Sustainable Energy Sector in Argentina

Next Post

Bangladesh leader Khaleda Zia’s son Tarique Rahman set to return from 18-year exile

himalaya Diary News Service

himalaya Diary News Service

Next Post
Bangladesh leader Khaleda Zia’s son Tarique Rahman set to return from 18-year exile

Bangladesh leader Khaleda Zia’s son Tarique Rahman set to return from 18-year exile

Recommended

Board of Control for Cricket in India announces 15-member squad for ICC Men’s U-19 World Cup

Board of Control for Cricket in India announces 15-member squad for ICC Men’s U-19 World Cup

2 months ago
Supreme Court refused to issue an interim order over decision to promote Dhiraj Pratap Singh as Nepal Police chief

Supreme Court Bars Madhes Chief Minister from Policy Decisions Ahead of Final Hearing

3 months ago

Don't Miss

Tribhuvan International Airport generates nearly Rs 13 billion, leads aviation revenue

International flights to seven destinations cancelled from Tribhuvan International Airport

February 28, 2026
Nepali Embassy in Muscat holds labour awareness, financial literacy programme

Foreign Ministry Urges Nepalis to Avoid Travel to Israel and Iran

February 28, 2026
नेपाल–भारत आर्थिक सहकार्यलाई थप सहज र परिणाममुखी बनाउनुपर्छ : अध्यक्ष ढकाल

नेपाल–भारत आर्थिक सहकार्यलाई थप सहज र परिणाममुखी बनाउनुपर्छ : अध्यक्ष ढकाल

February 28, 2026
FNCCI Chair Dhakal wants extension of time for Nepal’s transition to status of developing country

FNCCI Chair Dhakal wants extension of time for Nepal’s transition to status of developing country

February 28, 2026
Himalaya Diary -Leading News Portal from Nepal, Kathmandu, Asia

Copyright © 2025 Himalaya Diary.

Navigate Site

  • About Us
  • Editor In Chief
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Business
  • News
    • India
    • Nepal
    • South Asia
    • World
  • Education
  • Literature
  • Sports
  • Literary Festival & Event
  • Science & Technology

Copyright © 2025 Himalaya Diary.