World Bank Approves $500 Million for Pakistan to Improve Fiscal Management & Transparency

World Bank’s Board of Executive Directors have approved $500 million in financing today for the Resilient Institutions for Sustainable Economy program (RISE) to help Pakistan strengthen fiscal management, promote transparency and private sector growth, and undertake foundational reforms in the energy sector to transition to low-carbon energy.

These reforms are critical to building fiscal resilience and recover from the impacts of the COVID-19 pandemic.