WB to Provide $40 Billion to Pakistan Under 10-Year CPF

Islamabad: The World Bank has pledged to provide 40 billion dollars to Pakistan under the ten-year Country Partnership Framework.

According to Radio Pakistan, the commitment is a testament to the successful efforts of Prime Minister Shehbaz Sharif in securing international support for Pakistan’s economic growth. Out of the total 40 billion dollars, 20 billion dollars would be provided through the International Development Association and the International Bank for Reconstruction and Development.

The Country Partnership Framework 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 will also provide funding of 20 billion dollars to support the CPF.