Pakistani economy is growing very fast- perhaps the fastest in South Asia and to sustain this growth massive investment on infrastructure development is a must for the country now. So, decision makers in Pakistan will surely be delighted to find that World Bank is going to give them 65$ as loan for reconstruction of highways. This money will help Pakistan government now to improve the existing highways. The growth of Pakistani economy has put pressure on the existing highways and this money of World Bank thus came at the right time. Khalid Saeed, the secretary of the Economic Affairs Division (EAD) and John Wall, the country director of World Bank, signed the document.
I am happy that Pakistan is getting this loan. I wish that India can get such loans for its highways too. India needs to invest for its roads as the number of vehicles is growing very rapidly from year to year.
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its good to get loan
but we must aware of the terms given by debitor. I think there must be some interest to by the debitor. You can read this on book title "Economic Hit Man"
this isnt fiction, this is a book write by a man who his work is to giving loan to a country,with some mission inside it.
Posted by: hedgehogman | May 16, 2006 7:42 PM | Permalink to Comment