By Katharine Houreld and Maria Golovnina ISLAMABAD (Reuters) - The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the country's finance ministry and the global lender said on Friday. The ministry said the money will target "energy, economy, (fighting) extremism and education", with $1 billion being transferred to Pakistan in the next week. "The government of Pakistan deserves appreciation for stabilizing the economy, initiating reforms in the power sector as well as revenue mobilization and drawing in the private sector for spurring growth," said Philippe H. Le Houerou, vice president of World Bank Group's South Asia region. Pakistan is struggling to deal with a massive energy crisis, high unemployment and a shortfall in tax revenue.
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