Pakistan Competitiveness and Growth PBG (WB-P159839)

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
U
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 21, 2016
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
Government of Pakistan
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 420.00 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)
$ 420.00 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 Jul 31, 2017

Disclosed by Bank May 23, 2016


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Project Description
The development objective of the Competitiveness and Growth Development Policy Financing Project for Pakistan will be structured around two development objectives and pillars, (i) improving the business environment, and (ii) enhancing fiscal management through improving revenue management and making public spending more pro-poor. The operation contributes to the government’s strategy for accelerating economic growth, pursuing fiscal consolidation, and increasing investment. A stand-alone operation is being presented to support a selected number of discrete reforms that the Government of Pakistan has implemented before entering the electoral cycle in 2017. To accelerate growth and maintain macroeconomic stability the Government of Pakistan is stepping up reform efforts, which will be supported by the operation. The operation will support the reform effort through both policy engagement and the choice of instrument - combining the International Development Association (IDA) credit with an International Bank for Reconstruction and Development (IBRD) policy-based guarantee (PBG). The program builds on the success of the previous fiscally sustainable and inclusive growth (FSIG) series and the ongoing International Monetary Fund (IMF) program by supporting reforms that will contribute to efforts to accelerate growth and foster an inclusive growth pattern.
Investment Description
  • World Bank (WB)
Product Line: Guarantees Lending Instrument: Development Policy Lending
Contact Information
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.