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| World Bank decides when to exchange project proposals after legal procedures, says Country Director Naji Bin Hussain |
ISLAMABAD: The World Bank has denied news of the decision regarding the delay in approving potential operations in Pakistan, calling it unfounded.
In this regard, the Country Director of the World Bank in Pakistan, Naji Bin Hussain, said in a tweet he posted on the social networking platform Twitter, that the decision of the World Bank regarding the postponement of the approval of potential operations for the world. Bank in Pakistan. The press articles are baseless.
He added that the dates for Board approval of all our proposed operations and their funding are clear.
He said that after following legal procedures and based on the readiness of proposed projects, the World Bank decides when to exchange project proposals for consideration by the Board.
Yesterday, the foreign news agency Reuters mentioned in a report that the World Bank had delayed the granting of 1.1 billion dollars to Pakistan because of certain measures related to energy loans and tariffs until next financial year. budgetary. According to the report, the main problem in Pakistan is the management of revolving credit and the revision of tariffs in the energy sector.
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