‘Progress moderately satisfactory’ – Editorials

EDITORIAL: The World Bank has evaluated the ‘Pakistan Raises Revenue project’ as moderately satisfactory. Three observations are critical. First, the project’s total cost was estimated at 1.6 billion dollars with 400 million dollars IBRD/IDA concessional funding.

It was approved on 13 June 2019; exactly a month after the 6 billion dollar Extended Fund Facility programme was approved by the…