World Bank announces $40bn for Pakistan

Islamabad: The Ministry of Economic Affairs has started work on the comprehensive implementation of the World Bank’s Country Partnership Framework, under which the World Bank will provide Pakistan with $40 billion from 2026 to 2035.

Officials of the Economic Affairs Division say that for the first time, the World Bank has prepared a 10-year framework instead of five.

According to the document, the World Bank will provide a loan of $20 billion to Pakistan in the first phase. This amount will be used for education, health, climate change, clean energy, and better air quality.

Plans for increasing private investment and inclusive development are also included in the plan. There is also a plan for another $20 billion in private investment under the International Finance Corporation. The Country Partnership Framework is in line with government priorities, and the Uran Pakistan Plan.