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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.
The Board of Directors of the World Bank is expected to approve the Country Partnership Framework in a meeting on Tuesday in Washington, DC.
Of the $20 billion commitment, approximately three-fourths will come through concessional International Development Association (IDA) loans, with the remainder provided under the International Bank for Reconstruction and Development (IBRD).
Additional funding from the International Finance Corporation (IFC) will supplement the CPF. The CPF aims to tackle pressing challenges including reducing child stunting, improving learning outcomes, enhancing climate resilience, transitioning to cleaner energy, increasing public resources for inclusive development, and boosting private investment.
Specific targets include raising tax revenue to over 15% of GDP, adding 10 GW of renewable energy capacity, and providing quality education to 12 million students and healthcare to 50 million people.
Also See: World Bank Proposes Permanent Debt Management Committee for Pakistan
The CPF includes ambitious goals such as providing clean water and sanitation to 60 million people, strengthening food security for 30 million, and extending contraceptive access to 30 million women. Climate resilience measures will benefit 75 million individuals by addressing vulnerabilities related to floods and other disasters.
A mid-term review in FY30 will assess progress and determine whether to extend the framework to the full 10-year period. The implementation strategy involves rolling two-year business plans, annual updates, and the establishment of a Pakistan Data and M&E Lab to monitor impact, particularly on gender-related outcomes.
This long-term partnership aligns with Pakistan’s national priorities, including the Planning Commission’s 5E Framework, provincial strategies, and input from civil society and the private sector. The CPF aims to create a sustainable development pathway for Pakistan by addressing critical gaps and leveraging global knowledge for impactful solutions.
This news is sourced from Profit and is intended for informational purposes only.
