FM at­tends briefing ses­sion on IDA-18 re­plen­ish­ment process

The Pak Banker - - FRONT PAGE -

Min­is­ter for Fi­nance and Rev­enue Mo­ham­mad Ishaq Dar on Fri­day in­formed the Na­tional As­sem­bly that the govern­ment has a com­pre­hen­sive plan for re­ha­bil­i­ta­tion and re­turn of In­ter­nally Dis­place Per­sons (IDPs) as they ren­dered supreme sac­ri­fices for the coun­try.

Re­spond­ing to a point of or­ders raised by Ja­mal ud Din and Ghu­lam Sar­war Khan, the min­is­ter said com­plete re­ha­bil­i­ta­tion and re­spect­ful re­turn of In­ter­nally Dis­placed Per­sons (IDPs) to their na­tive ar­eas was govern­ment's top pri­or­ity. He said a sep­a­rate cell has been set- up in Eco­nomic Affairs Divi­sion for wel­fare of Tribal Dis­placed Per­sons (TDPs). Ishaq Dar said wheat cost­ing Rs.20 bil­lion was pro­vided to IDPs through World Food Pro­gramme while a sum of Rs.16-17 bil­lion cash was dis­bursed among them.

He said an amount of some Rs.80 bil­lion was spec­i­fied for re­ha­bil­i­ta­tion of TDPs, adding that a pro­posal was also on card to pay lump sum amount to the TDPs for con­struc­tion of houses and re­ha­bil­i­ta­tion. Min­istry of States and Fron­tier Re­gions (SAFRON), FATA Sec­re­tar­iat and other state in­sti­tu­tions were en­gaged to en­sure dig­ni­fied re­turn of TDPs to their home­town, he added.

He said the govern­ment was also ready to take nec­es­sary steps for those TDPs who have gone to Afghanistan if de­tails were pro­vided.

The min­is­ter said the Eco­nomic Co­or­di­na­tion Com­mit­tee (ECC) would play its role to en­sure salaries pay­ment to em­ploy­ees of HMC. He said he would check where the min­istry of in­dus­tries had sent sum­mary for pay­ment of salaries to HMC em­ploy­ees. Mean­while, Min­is­ter for Plan­ning and De­vel­op­ment Ah­san Iqbal told the House US $ 35 bil­lion out of US $ 46 bil­lion un­der China Pak­istan Eco­nomic Cor­ri­dor (CPEC) were for en­ergy re­lated projects while the rest were for other projects.

Mean­while, Fi­nance Min­is­ter Sen­a­tor Mo­ham­mad Ishaq Dar here last evening chaired a briefing ses­sion on the In­ter­na­tional De­vel­op­ment As­so­ci­a­tion (IDA-18) re­plen­ish­ment process and di­rected the Eco­nomic Affairs Divi­sion (EAD) to keep close co­or­di­na­tion with the process. Sec­re­tary Eco­nomic Affairs Divi­sion (EAD) briefed the min­is­ter about the de­lib­er­a­tions held by the World Bank Group on IDA-18 re­plen­ish­ment process at Paris from 1315 March 2016. The de­lib­er­a­tions he said were at­tended by 48 IDA donors and 14 IDA ben­e­fi­ciary coun­tries rep­re­sen­ta­tives. The de­lib­era- tions he said were at­tended by 48 IDA donors and 14 IDA ben­e­fi­ciary coun­tries rep­re­sen­ta­tives. Pak­istan rep­re­sented South Asian ben­e­fi­ciary coun­tries on the oc­ca­sion

Dur­ing the course of the de­lib­er­a­tions it was de­cided that in­vest­ment in growth re­silience, gen­der, job cre­ation and cli­mate re­silience would be the tar­get sec­tors for IDA fi­nanc­ing. The Pak­istan rep­re­sen­ta­tive em­pha­sized con­ces­sional fi­nanc­ing for green en­ergy and fi­nanc­ing for hu­man re­source de­vel­op­ment. Dur­ing the de­lib­er­a­tions it was also de­cided that there would be four rounds of dis­cus­sion on IDA re­plen­ish­ment and fi­nal round will be held in De­cem­ber this year. It may be men­tioned that IDA fi­nanc­ing is the most con­ces­sional fi­nanc­ing made avail­able by the World Bank Group. Pak­istan will con­tinue to be a ben­e­fi­ciary of IDA-18. Pak­istan has also de­cided to be­come IDA donor. Prime Min­is­ter Nawaz Sharif on the rec­om­men­da­tions of the Fi­nance Min­is­ter Ishaq Dar has de­cided to con­trib­ute US$ 25 mil­lion for the three year IDA-18 cy­cle. The Fi­nance Min­is­ter on the oc­ca­sion ap­pre­ci­ated the po­si­tion taken by Pak­istan's rep­re­sen­ta­tive at the IDA meet­ing/de­lib­er­a­tions and di­rected the EAD to keep close co­or­di­na­tion with the IDA-18 re­plen­ish­ment process.

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