In what has come as a reprieve for Pakistan, the World Bank has decided to go ahead and give the country $300-million in loans to improve its higher-education system, reports Pakistan Today. The financial support will go to Pakistan’s Higher Education Commission. In April the commission was stripped of its financial and administrative responsibilities, putting the loan in jeopardy; a clause in the organization’s agreement with the World Bank states that any change in the legal status of the former would end the deal. The money will support efforts to enroll more students in Ph.D. programs in Pakistan and abroad, hire foreign faculty members, and improve universities.
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World Bank Gives Pakistan $300-Million Loan for Higher Education
September 30, 2011, 9:39 am
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