Punjab Finance Minister Harpal Singh Cheema on Wednesday said that the state
has collaborated with the World Bank under a 215 million dollar Building Fiscal and Institutional
Resilience for growth (BFAIR) project in which the state’s contribution will be 65 million dollars.
“Unlike other loans, this is a reform-based project targeted at bring about reforms in the systems
and processes of five administrative departments,” he said, adding that the project will improve
systems in Finance, Planning, Governance Reforms, Local Government and Women and Child
Development. He further added that the project will significantly improve delivery of the services
at local level. “The project will be implemented over a period of 5 years to bring in process and
policy-based institutional reforms to enhance resilience and fiscal sustainability,” he said.