ISLAMABAD: A trust fund, with an initial contribution of $51.3 million from the UK’s Department for International Development (DFID), has been set up to implement the government’s priority reforms in four key areas.

A preparatory meeting of the Steering Committee of Trust Fund for Accelerated Growth and Reforms was held at Economic Affairs Division (EAD) on Wednesday. EAD Secretary Saleem Sethi and World Bank Country Director Rachid Benmessaoud co-chaired the meeting.

The Multi-Donar Trust Fund would have four implementing reform windows based on the government’s priority in reforming energy sector; state-owned enterprises and private sector reforms; tax reforms and public debt management reforms.

A secretariat would be established to assist the implementation.

The trust fund aims to fill knowledge gaps, strengthen the capacity of key institutions, complete the design and implement the government’s reform agenda.

Published in Dawn February 26th , 2015

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