World Bank’s South Asian Region Vice President Mr Philippe Houerou has said that the World Bank wishes to fast track funding of Dasu hydropower project and Tarbela power projects. He also reiterated his resolve to support Pakistan government’s reforms agenda, especially the ongoing energy projects.
Houerou was talking to Federal Minister for Finance Ishaq Dar at the World Bank on Sunday. Houerou congratulated the finance minister on the successful negotiation and signing of CASA-1000 Transit Pricing Agreement between Pakistan and Afghanistan. He termed the agreement historic and commended the resolve shown by Prime Minister Nawaz Sharif last year for conclusion of the agreement.
Senator Dar acknowledged the World Bank’s assistance for conclusion of CASA-1000 Agreement. He said Prime Minister Nawaz Sharif was hoping to have close cooperation in political and economic spheres with the new government in Afghanistan. The CASA-1000 agreement is a good start in this regards.
Senator Dar extended special thanks to Houerou for great help the World Bank and IMF provided on IDA-16 and said Pakistan was now banking on IDA-17.