USAID Administrator Shah and Finance Minister Shaikh: Working Together to Promote Growth, Prosperity (April 13, 2012)
USAID Administrator Shah and Finance Minister Shaikh: Working Together to Promote Growth, Prosperity
Islamabad, April 13, 2012
For Immediate Release
Contact Mark Stroh, Spokesperson
Dr. Rajiv Shah, the Administrator for the United States Agency for International Development (USAID) met with Finance Minister Hafeez Shaikh today at the Ministry of Finance. The two discussed the important role economic assistance brings to the bilateral relationship, and how U.S. civilian assistance can create jobs and raise incomes for more Pakistanis.
The United States has disbursed more than $2.6 billion in assistance to Pakistan since October 2009. Much of this assistance has focused on building Pakistan’s energy sector and increasing economic opportunity for Pakistanis. In the energy sector, the United States has collaborated with the Pakistani government to fund work on the Tarbela Dam and other major energy projects which have expanded Pakistan’s electricity-generation capacity by over 400 megawatts, bringing electricity to over six million Pakistanis. By the end of 2013, U.S. assistance will have added another 900 megawatts to the national grid, providing electricity to over 14 million Pakistanis. On economic growth, the United States has trained nearly 70,000 women entrepreneurs in basic finance.
Shah also emphasized that despite challenges the broader bilateral relationship has faced, civilian assistance has remained steady and USAID looks forward to continuing to work together to support mutual objectives in the future.