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PK Banking Sector Development Policy Credit

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Development objective

Banking Sector Development Policy Credit & Loan (BSDPCL) supported completion of first generation reforms initiated by the Government of Pakistan in 1997. The Credit/ Loan helped finance fiscal costs incurred by the Government towards UBL, HBL, and ABL prior to privatization. Specifically program objectives included: 1. Improving sector governance through privatization; 2. Developing effective regulatory and supervisory capacity at SBP; 3. Promoting trasparency and disclosure; and 4. Preventing the possible use of the banking system for money laundering, financing for terrorism, and transfer of illegal/ illgotten money.

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