World Bank approves $120 million for green initiative

Islamabad: The World Bank (WB) has approved $120 million for Prime Minister’s Green Stimulus Initiative, said the Ministry of Climate Change.

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The announcement came after WB country director Najy Benhassine met Prime Minister’s Special Assistant on Climate Change Malik Amin Aslam on Thursday and conveyed the bank’s support to the green post-Covid-19 economic recovery initiative and afforestation and nature conservation programs.

This particularly includes the green stimulus initiative launched by the climate change ministry under the prime minister’s vision for Clean Green Pakistan.

Explaining about the green stimulus initiative, the PM’s aide said the program was launched in April last year for creation of green jobs for youth rendered jobless from various sectors due to closure of business and assorted economic activities due to the pandemic.

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Meanwhile, both sides also vowed to collaborate towards tackling aftermaths of the global health crisis of the Covid-19 pandemic and global warming on various socioeconomic sectors.

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