"This report shows that the standard measures, such as the Gini index, do not go far enough in capturing the nature and extent of inequality in South Asia," said Rachid Benmessaoud, World Bank Country Director for Pakistan.
New Delhi, India, January 21, 2008- A new World Bank study, the first of its kind in India titled 'Synthesis Study of Public Financial Management and Accountability (PFMA) in Urban Local Bodies (ULBs)' was today jointly released by Mr. M. Ramchandran, Secretary, Ministry of Urban Development, Government of India, and Mr. Rachid Benmessaoud, Operations Advisor, the World Bank, India.
"ULBs and the public at large will gain from better PFMA practices as this would lead to better value for public money for citizens, improved service delivery, and greater transparency and accountability in the spending of public money," said Mr. Rachid Benmessaoud, Operations Advisor, the World Bank - India.
Reiterating the World Bank's commitment towards supporting disaster management in Balochistan, Mr. Rachid Benmessaoud, World Bank Country Director for Pakistan said, "Through this MDTF Grant, the institutional capacity of PDMA Balochistan will be strengthened, and the awareness and resilience of the communities of Balochistan to hazards and disasters would be enhanced."
"It will help Pakistan reduce the gap between supply and demand of electricity by maximising the benefits of existing infrastructure of Tarbela Dam without requiring any land acquisition or relocation" of people, said Rachid Benmessaoud, World Bank country director for Pakistan.
"The Tarbela IV Hydropower Project will enhance Pakistan's energy security by adding low-carbon, least-cost and renewable hydel power to its energy portfolio, said Rachid Benmessaoud, World Bank Country Director for Pakistan.
"Although Pakistan has seen great progress in the reduction of polio over the last 20 years, it remains one of the few countries where polio still impacts lives and recent cases are worrying," said Rachid Benmessaoud, World Bank Country Director for Pakistan.
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