World Bank is likely to chip in and help the government foot the hefty early retirement bill to off load around 300,000 public servants. rn
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Talks on negotiating the wish list under thernfourth tranche of the World Banks Poverty Reduction Support Programme, is duernto start next year. Part of the hefty VRS package is expected to be financedrnthrough World Bank funds.
rnThe World Bank, which usually wags a fingerrnagainst using its monies to fund such populist measures, is likely to soften itsrnstand on the issue, Treasury officials said.
rnBut the generous severance package, that willrneffectively pay employees to stay at home for t