PAKISTAN: World Bank loan to improve higher education

18 October 2009

The World Bank last month approved two projects totalling US$300 million to help the government of Pakistan strengthen social safety nets and improve higher education, the Bank said in a press statement.

The Bank granted $200 million for the Pakistan Social Safety Nets Development Policy Credit, and $100 million for higher education. The Higher Education Support Programme Credit will support the government's initiatives to increase participation, enhance quality and relevance and strengthen the efficiency and financial sustainability of higher education institutions.

The program supports the completion of critical reforms undertaken by the government of Pakistan in order to create the conditions to enhance the stock of skilled Pakistanis able to contribute to an economy increasingly based on knowledge and technology, said the press statement.
The full statement is on the World Bank site

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