World Bank Supports Financial Management Reforms to Improve Education and Health Services in Khyber Pakhtunkhwa, Pakistan
The World Bank’s Board of Executive Directors 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 (KP) 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 centers and remove obstacles to reach ‘the last mile’ in the delivery of education and health services in Khyber Pakhtunkhwa.

“The SPEED program supports a comprehensive and robust approach to public financial management in Khyber Pakhtunkhwa that tackles key bottlenecks in planning, budgeting, procurement, and supply chain management so that adequate resources are available to deliver education and health services on a sustainable basis,” said Najy Benhassine, World Bank Country Director for Pakistan. “It also underscores the provincial government’s commitment to increase transparency in public finances, service delivery, and citizen trust.”