Prime Minister Shehbaz Sharif launched the World Bank’s Country Partnership Framework (CPF) for Pakistan, a 10-year, $20 billion program aimed at transforming the country’s economy.
Speaking at the launch ceremony in Islamabad on Thursday, Prime Minister Shehbaz hailed the partnership as a “great day in Pakistan’s history” and a testament to the World Bank’s confidence in the country’s economic resilience.
He acknowledged the World Bank’s long-standing support to Pakistan, citing key projects in power generation, water sector reform and organizational development.
The CPF focuses on six priority areas: child nutrition, quality education, clean energy, climate resilience, inclusive development and private sector growth. The Prime Minister expressed his gratitude to the World Bank team, especially President Ajay Banga and Vice President Martin Raiser, for their innovative program.
Economic Affairs Minister Ahad Khan Cheema also praised the role of the World Bank in Pakistan’s development, stressing that the commitment of $20 billion over the next decade demonstrates the Bank’s confidence in Pakistan .
The partnership aims to address Pakistan’s pressing challenges, including poverty, unemployment and climate change. With support from the World Bank, Pakistan seeks to promote initiatives focused on digitalization, agriculture and information technology to boost economic growth.
