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Economic Aid to Pakistan |
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The organizations like the International Monetary Fund (IMF), World Bank (WB) and Asian Development Bank (ADB) provides economic aid to Pakistan in the form of loans and grants. These governing bodies help Pakistan with long-term loans. Besides, oil rich countries and developed countries also help Pakistan bilaterally. So, know more about International Monetary Fund, World Bank and Asian Development Bank who together provide economic aid to Pakistan at economyofpakistan.com
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The International Monetary Fund is a global organization that aids its member countries in facilitating international trade, promoting monetary cooperation and employment, securing financial stability and helping to reduce poverty. It has its headquarters in Washington D.C. in the United States of America. World Bank helps the countries for post-war reconstruction, post-conflict rehabilitation needs and during humanitarian emergencies.
There are two agencies of World Bank called International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). It helps its member countries to sustain the growth of the nation and alleviate poverty. The major sectors of the country where World Bank provides help are agriculture and rural development, environment, health sector, financial sector, labor and social protection, trade, transport, law and justice and water resources.
Asian Development Bank was set up to provide economical and social help to all the Asian and Pacific countries. Technical loans help and loans are provided to the countries for the development of the nation. The bank aims at the welfare of the people of Asia and Pacific regions. According to media and other sources, it is revealed that the economic aid to Pakistan from the Asian Development Bank will be more than $6 billion during the plan of 2006-2009 for different development and success strategies.
Economyofpakistan.com offers insight into the economic aid of Pakistan. For further information, you can browse through the following links:
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