ISLAMABAD: The World Bank’s Board of Directors has approved the first-ever 10-year Country Partnership Framework for Pakistan on Tuesday, official sources revealed.
Out of 24, 19 directors voted in favour of Pakistan.
The World Bank has pledged $20 billion under its first-ever 10-year Country Partnership Framework (CPF) for Pakistan, marking the largest commitment in the nation’s history. This extended framework focuses on six key development areas, supported by a monitoring and evaluation scorecard to track progress.
Pakistan, World Bank agree to ‘Country Partnership Framework’
This extended framework focuses on six key development areas, supported by a monitoring and evaluation scorecard to track progress.
The World Bank will provide approximately three-fourths of the $20 billion through the International Development Association (IDA), while the remaining amount will be provided through the International Bank for Reconstruction and Development (IBRD).
The CPF will focus on six key development areas, including reducing child stunting, mitigating climate change, improving learning outcomes, providing clean water, and promoting public resources and private investment for comprehensive development.
The International Finance Corporation (IFC) will also provide additional funding to support the CPF.
Specific goals include increasing tax revenue to over 15% of GDP, adding 10 Gigawatts of renewable energy capacity, providing quality education to 12 million students, and delivering healthcare services to 50 million people.
The framework also aims to provide safe drinking water and sanitation facilities to 60 million people, strengthen food security for 30 million individuals, and increase access to family planning services for 30 million women.
Additionally, the CPF includes objectives to address flood and disaster risks, benefiting 75 million people, the sources added.
Copyright Business Recorder, 2025
Comments
Comments are closed.