Punjab collaborating with WB under 215 million dollars BFAIR project

| | Chandigarh
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Punjab collaborating with WB under 215 million dollars BFAIR project

Thursday, 22 September 2022 | PNS | Chandigarh

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.

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