The World Bank (WB) has given in-principle approval to a seperate $ 400 million loan tranche for Khyber Pakhtunkhwa (KP) to address salary and wage issues in education and health departments.

According to a local media report, the World Bank’s Board of Directors has approved a loan under the Khyber Pakhtunkhwa Spending Effectively for Enhanced Development (SPEED) program, which will help the provincial government strengthen public resource management and financial sustainability planning, investment in human capital in education and health.

The provincial program will improve the quality of schools and health centers and remove obstacles to reaching the “last mile” of education and health services in the CP by implementing important reforms in budget allocation and spending, according to the World Bank.

World Bank Director for Pakistan Naji Benhassin said the SPEED program promotes a comprehensive and robust approach to public finance management in KP, which eliminates key bottlenecks in planning, budgeting, procurement and supply chain management to ensure that service delivery adequate resources are available. education and health. on a sustainable basis.

The loan is granted to ensure the implementation of quality assurance measures to assess the effectiveness of education and health services in the province, focusing on institutional-level accountability and expanding access, as well as inequality in services between men and women, the World Bank said.

The World Bank said the $ 400 million loan would increase the predictability of resources for access to medicines in primary care facilities, including women’s and newborn clinics across the province, and increase the availability of relevant educators by at least 45 percent. primary health care. , high schools and high schools in the province, especially girls’ schools.

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