World Bank Commits $20 Billion to Pakistan in Landmark 10-Year Development Plan
The agreement aims to address Pakistan's economic challenges, climate resilience, and private sector growth starting in 2026.
- The World Bank has announced a $20 billion funding plan for Pakistan under a new Country Partnership Framework (CPF) spanning 2026 to 2035.
- The funding will target critical areas such as clean energy, climate resilience, child nutrition, education, and private sector investment.
- Pakistan's economy has shown signs of recovery after narrowly avoiding default in 2023 with a $7 billion IMF bailout, but it continues to face significant economic challenges.
- The World Bank emphasized the need for sustained reforms to attract private investment and address long-standing issues like a low tax base and external debt.
- Prime Minister Shehbaz Sharif welcomed the plan, calling it a vote of confidence in Pakistan's economic resilience and a step toward creating lasting opportunities for its citizens.