Pakistan - Financial Sector Deepening and Intermediation Project (FSDIP)
Bachmann, Heinz | Kwaku, Ken [editors]
The Financial Sector Deepening and Intermediation Project will continue and expand the reform process started under the Financial Sector Adjustment Loan and support the Government of Pakistan's strategy for macroeconomic and financial sector reforms, focusing on: assisting the private sector to respond to the changing economic environment by providing non-subsidizing resources for investments and helping to deepen the financial system, promote new financial instruments and strengthen the State Bank of Pakistan (SBP) and other financial institutions (FIs). The project will consist of: a) a line of credit through the Administrative Unit (AU) to eligible banking and non-bank financial institutions for on-lending to private enterprises requiring term finance for all economic activities except real estate, trading and certain consumer services; and b) technical training to: 1) the SBP for the enhancement of its regulatory functions and improvement of its operational systems; 2) the Corporate Law Authority and Controller of Insurance for institutional building; 3) Bankers Equity Limited for the establishment of an AU, implementation of various studies and enforcement of environmental standards; and 4) the Privatization Commission for the preparation of a number of FIs for privatization and/or restructuring and valuation of State Life Insurance Corporation.
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