ISLAMABAD, Nov 19 (APP):Ministry of Economic Affairs and Pakistan Institute of Development Economics (PIDE) on Friday signed a Memorandum of Understanding (MoU) for enhancing collaboration in the field of research and public policy analysis.
Secretary, Ministry of Economic Affairs, Mian Asad Hayauddin witnessed the signing of MoU between the Ministry of Economic Affairs and Pakistan Institute of Development Economics (PIDE) Islamabad, said a press release issued here.
The MoU was signed by Zulfiqar Haider, Additional Secretary, EAD and Vice Chancellor PIDE, Dr Nadeem-ul-Haq.
Secretary, EAD and Vice Chancellor PIDE, Dr Nadeem-ul-Haq acknowledged the importance of developing linkages of academia in policy making process and need for a comprehensive analysis of Foreign Economic Assistance in Pakistan.
By signing the MOU both sides are agreed to promote collaboration in the field of research and public policy analysis with a particular focus on foreign aid and its effectiveness.
In collaboration with the EAD, ‘Foreign Aid Effectiveness Unit’ will be established in PIDE. The Unit will conduct research on topics related to foreign economic and technical assistance to Pakistan.
It will examine the economics of Foreign Economic Assistance by exploring the role of International Finance Institutions, debt management, aid volatility and their consequences for Pakistan’s economy.
It will help the Ministry of Economic Affairs in evidence-based decision making and set development priorities for short, medium and long-term commitments.
Secretary Economic Affairs and Vice Chancellor PIDE agreed to maintain a regular and reasonable contact and engage in discussions, events and conferences regarding research areas pertaining to this MoU.
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