{"id":68668,"date":"2020-08-01T09:58:00","date_gmt":"2020-08-01T04:58:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68668"},"modified":"2020-07-29T16:22:16","modified_gmt":"2020-07-29T11:22:16","slug":"sbp-receives-505mn-from-world-bank-in-budgetary-support","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-receives-505mn-from-world-bank-in-budgetary-support.html","title":{"rendered":"SBP receives 505mn from World Bank in budgetary support"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The State Bank of Pakistan (SBP) on Tuesday announced that Pakistan had received over USD 505.5 million from the World Bank (WB) in a soft loan arrangement, according to news sources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-refinancing-scheme-banks-approve-pkr-125-9-bn-prevent-layoffs.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP Refinancing Scheme: Banks approve PKR 125.9 bn to prevent layoffs<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the official reports, the global lender has offered the loan at a concessional rate as budgetary support \u2014 mainly for the healthcare and socioeconomic sectors. This inflow has enhanced the SBP\u2019s foreign reserves to over USD 12.5 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loan has assisted the national currency to appreciate in comparison to the US dollar. The national exchequer is expected to receive another USD 250 million in loan from the Asian Infrastructure Investment Bank (AIIB). The international lenders have extended these finances under their Resilient Institutions for Sustainable Economy (<a href=\"https:\/\/www.zameen.com\/news\/rise-initiative-pakistan-signs-loan-agreements-worth-usd-170-mn.html\" target=\"_blank\" rel=\"noreferrer noopener\">RISE<\/a>) initiative and development of policy financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-shares-data-foreign-investment-inflows-recorded-during-fy2019-20.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP shares data on foreign investment inflows recorded during FY2019-20<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, these finances will also enhance the policy and institutional framework to improve the financial management and regulatory framework of Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The State Bank of Pakistan (SBP) on Tuesday announced that Pakistan had received over USD 505.5 million from the World Bank (WB) in a soft loan arrangement, according to news sources. Read: SBP Refinancing Scheme: Banks approve PKR 125.9 bn to prevent layoffs As per the official reports, the global lender has offered the loan at a concessional rate as budgetary support \u2014 mainly for the healthcare and socioeconomic sectors. This inflow has enhanced the SBP\u2019s foreign reserves to over USD 12.5 billion. The loan has assisted the national currency to appreciate in comparison to the US dollar. The national exchequer is expected to receive another USD 250 million in loan from the Asian Infrastructure Investment Bank (AIIB). The international lenders have extended these finances under their Resilient Institutions for Sustainable Economy (RISE) initiative and development of policy financing. Read: SBP shares data on foreign investment inflows recorded during FY2019-20 Moreover, these finances will also enhance the policy and institutional framework to improve the financial management and regulatory framework of Pakistan.<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[5481,35944,21853,21890],"persona":[],"class_list":["post-68668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","tag-asian-infrastructure-investment-bank","tag-sbp-receives-505mn-from-world-bank-in-budgetary-support","tag-state-bank-of-pakistan-sbp","tag-world-bank-wb","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP gets 505mn from World Bank in budgetary support - Zameen News<\/title>\n<meta name=\"description\" content=\"The State Bank of Pakistan (SBP) on Tuesday announced that Pakistan had received over USD 505.5 million from the World Bank (WB) in a soft loan\" \/>\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\/sbp-receives-505mn-from-world-bank-in-budgetary-support.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP gets 505mn from World Bank in budgetary support - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The State Bank of Pakistan (SBP) on Tuesday announced that Pakistan had received over USD 505.5 million from the World Bank (WB) in a soft loan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-receives-505mn-from-world-bank-in-budgetary-support.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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