WB approves $149.7m for digital economy, flood resilience

The World Bank has approved 149.7 million dollars in financing for Pakistan to support two projects related to digital economy and improved flood resilience.

This has been stated in a statement issued by the international financial institution.

The allocated funding of 78 million dollars for the Digital Economy Enhancement Project is expected to enhance financial management through technology-driven solutions and data-driven decision-making.

The investment in digital economy is also likely to streamline public services, increase transparency and foster economic growth.

Simultaneously, the 71.7 million dollars allocation for Sindh Barrages Improvement Project is likely to ensure greater flood resilience.

Source: Radio Pakistan