{"id":68490,"date":"2020-07-25T09:21:00","date_gmt":"2020-07-25T04:21:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68490"},"modified":"2020-07-29T15:56:14","modified_gmt":"2020-07-29T10:56:14","slug":"rise-initiative-pakistan-signs-loan-agreements-worth-usd-170-mn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rise-initiative-pakistan-signs-loan-agreements-worth-usd-170-mn.html","title":{"rendered":"RISE Initiative: Pakistan signs loan agreements worth USD 750 mn"},"content":{"rendered":"\n<p>Islamabad: The government signed two loan agreements on Thursday of an accumulated worth of USD 750 million with the World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB) \u2013 under the Resilient Institutions for Sustainable Economy (RISE) programme, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/aiib-to-invest-usd-1-billion-in-pakistan.html\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/aiib-to-invest-usd-1-billion-in-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">AIIB to invest USD 1 billion in Pakistan<\/a><\/p>\n\n\n\n<p>Under the agreement, the WB will extend a loan of worth USD 500 million and AIIB will co-finance the initiative with USD 250 million.<\/p>\n\n\n\n<p>As per the Economic Affairs Division, the concessional financing \u2013 being provided in the form of <a href=\"https:\/\/www.zameen.com\/news\/pakistan-get-usd-500-mn-wb-budgetary-support.html\" target=\"_blank\" rel=\"noreferrer noopener\">budgetary support<\/a> \u2013 under RISE and development policy financing aims to enhance the policy, institutional and regulatory frameworks. This assistance will improve the country\u2019s fiscal management and foster growth. The programme will also mitigate the coronavirus impact and address medium-term reforms.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/reforms-needed-ecommerce-sectors-growth-pakistan-wb.html\" target=\"_blank\" rel=\"noreferrer noopener\">Reforms needed for e-commerce sector\u2019s growth in Pakistan: WB<\/a><\/p>\n\n\n\n<p>Following the agreement, the USD 750 million will be given to Pakistan in a single tranche. The agreements were signed by the Ministry of Economic Affairs Secretary Noor on behalf of the Pakistani government. Meanwhile, AIIB Vice President Konstantin Limitovsriy and WB Country Director Patchamuthu Illangovan signed the agreements on behalf of their respective institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government signed two loan agreements on Thursday of an accumulated worth of USD 750 million with the World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB) \u2013 under the Resilient Institutions for Sustainable Economy (RISE) programme, according to news sources. Read: AIIB to invest USD 1 billion in Pakistan Under the agreement, the WB will extend a loan of worth USD 500 million and AIIB will co-finance the initiative with USD 250 million. As per the Economic Affairs Division, the concessional financing \u2013 being provided in the form of budgetary support \u2013 under RISE and development policy financing aims to enhance the policy, institutional and regulatory frameworks. This assistance will improve the country\u2019s fiscal management and foster growth. The programme will also mitigate the coronavirus impact and address medium-term reforms. Read: Reforms needed for e-commerce sector\u2019s growth in Pakistan: WB Following the agreement, the USD 750 million will be given to Pakistan in a single tranche. The agreements were signed by the Ministry of Economic Affairs Secretary Noor on behalf of the Pakistani government. Meanwhile, AIIB Vice President Konstantin Limitovsriy and WB Country Director Patchamuthu Illangovan signed the agreements on behalf of their respective institutions.<\/p>\n","protected":false},"author":75,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15016],"tags":[5481,35643,35644,21890],"persona":[],"class_list":{"0":"post-68490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-new-developments","9":"tag-asian-infrastructure-investment-bank","10":"tag-pakistan-signs-loan-agreements-worth-usd-170-mn","11":"tag-resilient-institutions-for-sustainable-economy-rise-programme","12":"tag-world-bank-wb","13":"cat-20385-id","14":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan signs loan agreements worth USD 750 mn - Zameen News<\/title>\n<meta name=\"description\" content=\"The government signed two loan agreements on Thursday of an accumulated worth of USD 750 million with the WB and AIIB to enhance policy framework\" \/>\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\/rise-initiative-pakistan-signs-loan-agreements-worth-usd-170-mn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan signs loan agreements worth USD 750 mn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The government signed two loan agreements on Thursday of an accumulated worth of USD 750 million with the WB and AIIB to enhance policy framework\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rise-initiative-pakistan-signs-loan-agreements-worth-usd-170-mn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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