{"id":101739,"date":"2025-03-20T10:00:00","date_gmt":"2025-03-20T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101739"},"modified":"2025-03-19T15:32:39","modified_gmt":"2025-03-19T10:32:39","slug":"wb-supports-pak-microfinance-with-usd-102-mn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-supports-pak-microfinance-with-usd-102-mn.html","title":{"rendered":"WB backs Pak\u2019s microfinance with USD 102 mn for climate resilience"},"content":{"rendered":"\n<p>Islamabad: The World Bank has approved USD 102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, aiming to strengthen Pakistan\u2019s microfinance sector and enhance financial resilience against climate-related shocks.<\/p>\n\n\n\n<p>According to Najy Benhassine, World Bank Country Director for Pakistan, the initiative will ensure continued access to microcredit for vulnerable communities, particularly in rural areas, by supporting microfinance institutions in times of financial stress.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/world-bank-reaffirms-support-for-economic-reforms.html\" target=\"_blank\" rel=\"noreferrer noopener\">World Bank reaffirms support for Pakistan\u2019s economic reforms<\/a><\/p>\n\n\n\n<p>The project is expected to benefit nearly 1.89 million people, including over 1 million women and 350,000 youth, by providing access to microloans that help individuals and small businesses recover from economic and climate-related disruptions.<\/p>\n\n\n\n<p>Designed in response to lessons from Pakistan\u2019s 2022 floods, the RAM Project includes the creation of a Climate Risk Fund, the use of agrotechnology solutions, and capacity-building programs for microfinance institutions.<\/p>\n\n\n\n<p>The initiative is co-financed by a USD 23 million grant from the Global Shield Financing Facility (GSFF), backed by donor countries including Canada, Germany, Japan, Luxembourg, and the UK.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/world-bank-commits-to-aid-usd-2b.html\" target=\"_blank\" rel=\"noreferrer noopener\">World Bank pledges USD 2b for flood recovery projects<\/a><\/p>\n\n\n\n<p>The Ministry of Finance and the State Bank of Pakistan (SBP) will oversee the project\u2019s implementation as part of a broader effort to strengthen financial inclusion and climate resilience in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The World Bank has approved USD 102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, aiming to strengthen Pakistan\u2019s microfinance sector and enhance financial resilience against climate-related shocks. According to Najy Benhassine, World Bank Country Director for Pakistan, the initiative will ensure continued access to microcredit for vulnerable communities, particularly in rural areas, by supporting microfinance institutions in times of financial stress. Read: World Bank reaffirms support for Pakistan\u2019s economic reforms The project is expected to benefit nearly 1.89 million people, including over 1 million women and 350,000 youth, by providing access to microloans that help individuals and small businesses recover from economic and climate-related disruptions. Designed in response to lessons from Pakistan\u2019s 2022 floods, the RAM Project includes the creation of a Climate Risk Fund, the use of agrotechnology solutions, and capacity-building programs for microfinance institutions. The initiative is co-financed by a USD 23 million grant from the Global Shield Financing Facility (GSFF), backed by donor countries including Canada, Germany, Japan, Luxembourg, and the UK. Read: World Bank pledges USD 2b for flood recovery projects The Ministry of Finance and the State Bank of Pakistan (SBP) will oversee the project\u2019s implementation as part of a&hellip;<\/p>\n","protected":false},"author":18,"featured_media":100657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[61723,63262,63261,61769,60340,63259,63256,63257,34475,63255,63258,63254,63260,2631,4438],"persona":[],"class_list":{"0":"post-101739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-climate-resilience","9":"tag-climate-risk-fund","10":"tag-disaster-recovery","11":"tag-economic-empowerment","12":"tag-financial-inclusion","13":"tag-financial-protection","14":"tag-global-shield-financing-facility","15":"tag-microcredit","16":"tag-pakistan-economy","17":"tag-pakistan-microfinance","18":"tag-ram-project","19":"tag-rural-financing","20":"tag-small-business-loans","21":"tag-state-bank-of-pakistan","22":"tag-world-bank","23":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WB supports Pak microfinance with USD 102 mn - Zameen News<\/title>\n<meta name=\"description\" content=\"The project is expected to benefit nearly 1.89 million people, including over 1 million women and 350,000 youth, by providing access...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wb-supports-pak-microfinance-with-usd-102-mn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB supports Pak microfinance with USD 102 mn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The project is expected to benefit nearly 1.89 million people, including over 1 million women and 350,000 youth, by providing access...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-supports-pak-microfinance-with-usd-102-mn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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