From India's My Digital FC, we read more about the new aid to Pakistan.
The goal of the CPS which is in direct support of Pakistan's own Poverty Reduction Strategy is to help steer its economy back onto a path of high growth by addressing the country's key long-term constraints to growth: weak revenue mobilization, unreliable energy supply, and a fragile security situation, the bank said.
Noting that the persistence of conflict in Khyber- Pakhtunkhwa (KP) and Federally Administered Tribal Areas poses a threat to some of the most vulnerable and marginalized populations in Pakistan, while also challenging economic stability across the country, the Bank said the CPS seeks to help Pakistan cope with the consequences of conflict while reducing the prospects of future conflicts.
Support under the Bank's strategy will likely include investment for agricultural/livestock-linked employment and livelihoods, expansion of general and technical/vocational education, investment in energy and transport, and social protection.
The Bank will also administer a Multi Donor Trust Fund (MDTF) that will support a comprehensive reconstruction and development strategy in conflict-affected areas of the country, it said.