The World Bank has reaffirmed its dedication to advancing Pakistan’s long-term development through collaboration. In the field of renewable energy, notably in the hydro and solar power sectors.
Martin Raiser, Vice President for the South Asia Region of the international development and climate institution. He made this announcement while speaking with Masood Khan, Pakistan’s Ambassador to the United States.
Raiser emphasised that this cooperation would be improved in the years to come, according to a press release issued by the Pakistani Embassy.
The meeting’s main goal was to strengthen Pakistan and World Bank cooperation in the areas of development and climate change response.
During the World Bank and International Monetary Fund’s 2022 Annual Meetings, Raiser co-chaired a high-level roundtable with the United Kingdom in October of last year . To discuss how to address the effects of Pakistan’s devastation from the terrible floods.
He went to Pakistan in September 2022 and reaffirmed the bank’s commitment to helping the flood-affected Pakistanis.
At the Geneva International Conference on Climate Resilient Pakistan, the ambassador thanked the World Bank for its $2 billion support. Towards flood recovery, rehabilitation, and reconstruction.
Support for housing, water and agriculture, social protection, and health care are just a few of the areas that will be covered by this donation.
The World Bank has been a steadfast partner in Pakistan’s growth, he continued.
The Pakistani representative asked the bank for more money and support for health-related projects. Parrticularly to address the problem of water-borne infections in flood-affected areas.
