The World Bank has approved a $20 billion funding package for Pakistan under its Country Partnership Framework (CPF), according to sources from the Ministry of Economic Affairs. The framework, which aims to drive inclusive development and address critical challenges, will be implemented over the coming years.
Approximately 75% of the funding will be provided through the International Development Association (IDA), with the remaining portion coming from the International Bank for Reconstruction and Development (IBRD). The International Finance Corporation (IFC) will also extend additional support.
The CPF focuses on six key development areas, including tackling child stunting, enhancing climate change resilience, improving education outcomes, and expanding access to clean water and sanitation. It also aims to leverage public resources and private investments to promote sustainable growth.
Key targets under the framework include increasing Pakistan’s tax revenue to over 15% of GDP, adding 10 gigawatts of renewable energy capacity, and delivering quality education to 12 million students. The plan also seeks to expand healthcare services to 50 million people, provide clean water and sanitation to 60 million, and strengthen food security for 30 million individuals. Additionally, it aims to improve contraceptive access for 30 million women.
Disaster risk management is another core focus of the CPF, with plans to enhance flood and hazard resilience for 75 million people. The framework was approved with the support of 19 out of the World Bank’s 24 directors.
