New $600m loan tied to reform laws
WB funds 'Bold Reforms' as govt pledges Investment Act & free wheat, sugar trade
After the failure of previous foreign-funded initiatives, Pakistan has decided to take another $600 million loan from the World Bank, this time under the "Bold Reforms for Investment-Driven Growth and Employment (BRIDGE) Programme". In return for the loan, the government has assured the World Bank that it will enact at least two new laws, the Investment Act and the Factoring Law, develop a database of Pakistanis goi...