The World Bank’s Board of Executive Directors has greenlit financing totaling $149.7 million for two initiatives in Pakistan: the “Digital Economy” and “Flood Prevention” projects.
$78 million has been earmarked for the Digital Economy Enhancement Project, aimed at leveraging technology and data-driven decision-making to enhance the financial system and foster transparency.
For the Flood Prevention project, $71.7 million has been allocated to bolster barrages in Sindh, enhancing the resilience of the canal system and mitigating the impact of severe flood and drought events.
The Special Investment Facilitation Council (SIFC) is dedicated to exploring technology-driven financing solutions to attract foreign investment and fortify the country against environmental challenges.
