Published On: Tue, Jan 14th, 2014
Published in Category: Islamabad

President lauds working relationship of World Bank with Pakistan (detailed)

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ISLAMABAD: Rachid Benmessaoud, Country Director, World Bank Pakistan called on President Mamnoon Hussain at the Aiwan-e-Sadr on Monday.

The President appreciated the working relationship of the World Bank with Pakistan over a period of time and expressed confidence that the organization would continue extending its support for the development projects in the country.

Highlighting energy requirements of the country, the President emphasized the Bank to consider financing energy and water resource projects in Pakistan as the country is facing acute energy shortage which was adversely affecting the economy.

He said that World Bank can play a major role in supporting the efforts of Government of Pakistan in addressing the power and energy crisis.

Rachid Benmessaoud, briefed the President about the new Country Partnership strategy (CPS) of the World Bank for the next five years (2015-19) and also about various projects of the Bank aimed at socio-economic development of Pakistan.