Pakistan Secures Historic $20 Billion from World Bank Under 10-Year Partnership Framework

World Bank’s $20 Billion Pledge to Pakistan: A Game-Changer for Long-Term Development

The World Bank’s historic $20 billion commitment to Pakistan under its first-ever 10-year Country Partnership Framework (CPF) marks a significant step toward fostering long-term development and strengthening economic resilience. According to the World Bank, this groundbreaking pledge has been shaped by extensive consultations and policy research, incorporating insights from key stakeholders, including the government, private sector, civil society, academia, media, and development partners. These consultations have ensured the CPF aligns closely with Pakistan’s national priorities, as outlined in the Home-Grown Economic Transformation Plan and the recently launched National Economic Transformation Plan.
Prime Minister Shehbaz Sharif, in a post on the X platform, expressed gratitude for the World Bank’s commitment, highlighting its alignment with Pakistan’s vision for sustainable development. The CPF focuses on six critical areas: child nutrition, clean energy, climate resilience, inclusive development, private sector investment, and addressing education needs—key priorities in Pakistan’s development agenda.
The Prime Minister also commended General Asim Munir and his team for their dedication in setting the stage for this transformative partnership. He emphasized that the CPF not only reflects the World Bank’s confidence in Pakistan’s economic potential but also underscores the government’s commitment to collaborating with the World Bank to create lasting opportunities for the people of Pakistan.

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source: X platform