A $800m Loan Approved For Pakistan By World Bank

A $800m Loan Approved For Pakistan By World Bank

The World Bank has approved an $800 million loan to Pakistan for helping the country’s economy to recover after the COVID-19 pandemic, reported by Radio Pakistan.

As per the state-run radio, the agreement of the loan was signed between the federal secretary of the Ministry of Economic Affairs and the Acting Country Director of the World Bank ‘Melinda Good’.

According to the ministry, the loan program will facilitate the government to address the direct as well as indirect impacts of the COVID-19 pandemic and will strengthen the health and education systems.

The government is aimed at vaccinating 70 million people with about 70% of the adult population who are vaccine-eligible by the end of 2021.

Till now, the virus has claimed 22,281 lives in Pakistan, whereas the total number of confirmed Coronavirus cases in the country is 957,371.

The Federal Minister and the head of Pakistan’s COVID-control authority, Asad Umar, also has warned that the country could face the fourth wave of the virus if the people stop following SOPs.

Read more: The Fourth Wave Could Hit Pakistan in July: Asad Umar

“In the absence of both strong SOP implementation as well as continued strong vaccination programme, the fourth wave could hit Pakistan in July,” stated Umar in a Twitter post after reviewing the disease modeling analysis based on artificial today in NCOC. He recommended people follow the SOPs and get vaccinated.