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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: World Bank: 900 mln dollar aid package to Pakistan AFP - Friday, June 5 WASHINGTON (AFP) - - The World Bank on Thursday said it approved an aid package worth 900 million dollars for Pakistan, the bulk aimed at educational projects. ADVERTISEMENT The assistance will help Pakistan "improve education in Punjab and Sindh Provinces and ... further scale up a community driven development project that is already active in some 35,000 villages throughout the country," the Bank said in a statement. The credits from the International Development Association, the World Bank's concessionary lending arm that specializes in helping the world's poorest 78 countries, carry a 0.75 percent service fee, a 10-year grace period, and a maturity of 35 years. "Even where there have been gains in student enrollment as in Punjab and Sindh, these have yet to translate into improved student learning," World Bank country director for Pakistan Yusupha Crookes said in the statement. A 350 million dollar package was approved for the Punjab province and a 300 million dollar package approved for the Sindh province. The aid will help education by focusing on "improving governance, management, and capacity in education -- which are at the heart of both the provincial governments' reform strategies," Crookes said. The Bank also approved 250 million dollar package for an anti-poverty program that has received 646 million dollars from the World Bank since 2000. The program, which has reached more than 2.5 million people, includes funds for micro-credit loans and skills and enterprise development training. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Financial Crisis World Bank: 900 mln dollar aid package to PakistanAFP - Friday, June 5 Montenegrin govt takes 50 pct of smelterReuters - Friday, June 5 Turkey unveils package to boost jobsReuters - Friday, June 5 Turkey to stay sensitive to fiscal discipline -PMReuters - Friday, June 5 Related Articles: Business Japan's Komatsu to make hybrid excavators in ChinaAFP - Wednesday, June 3 Saudi Saad woes deepen on downgrade, restructuringReuters - Wednesday, June 3 Indian bond yields ease to 1-wk lows on buybackReuters - Thursday, June 4 India Hot Stocks: Flawless Diamond extends gains post orderReuters - Wednesday, June 3 Japan Hot Stocks-M'bishi Heavy, glassmakers, ToshibaReuters - Wednesday, June 3 Enlarge Photo World Bank: 900 mln dollar aid package to Pakistan Related Photos Slideshow Financial Crisis Related Full Coverage Financial fallout Latest news on global credit crunch. All Full Coverage Most Popular – Business Viewed US actor Carradine dead, suicide suspected: Thai police Black boxes may never be found: crash investigators Carradine may have died from sex act: Thai police World 'getting closer' to swine flu pandemic: WHO Pandemic warnings as swine flu spreads to Africa View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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