Pakistan Financial Inclusion and Infrastructure Project (WB-P159428)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 15, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Economic Affairs Division, Government of Pakistan
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 137.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 137.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS May 3, 2018

Disclosed by Bank Sep 18, 2016


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Project Description

This project provides financing for increased access and usage of digital payments and other financial services for households and businesses in Pakistan. The components of the project include improving financial and market infrastructure through upgrading payments and settlements systems;  improving access and usage of digital financial services; improving access to microfinance and to financial services for microenterprises, and small and medium enterprises. 

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Contact: Gabi George Afram
Title: Program Leader 

Contact: Mihasonirina Andrianaivo
Title: Senior Financial Sector Specialist 

Borrower/Client/Recipient
Name: Economic Affairs Division, Government of Pakistan
Contact: Tariq Bajwa
Title: Secretary
Email: secretary@ead.gov.pk

Implementing Agencies:
Name: Development Finance Group, State Bank of Pakistan
Contact: Samar Hasnain
Title: Executive Director
Email: samar.husnain@sbp.org.pk

Pakistan Poverty Alleviation
Fund Qazi Azmat Isa
CEO

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.