$400m IDA financing supports Pakistan education, health investments

The World Bank has approved $400 million in financing from the International Development Association (IDA) to support Pakistan in accelerating investments in education and health services in the Khyber Pakhtunkhwa province.

The KP Spending Effectively for Enhanced Development (SPEED) program will help the provincial government strengthen its management of public resources and fiscal planning to sustain human capital investments in education and healthcare services. By implementing critical reforms in budget allocation and expenditures, the provincial program will contribute to increased quality of schools and health centres and remove obstacles to reach ‘the last mile’ in the delivery of education and health services in Khyber Pakhtunkhwa. 

KP SPEED will enhance fiscal management and savings through incentives that focus on quality service delivery and accountability in education and healthcare facilities. It also supports monitoring and evaluation to systematically assess staffing and infrastructure needs. The program will implement quality assurance measures to evaluate the performance of education and healthcare services in the province, which focus on facility-level accountability and increased access, as well as disparities in the uptake of services among males and females.