The World Bank has committed $40 billion to Pakistan as part of a 10-year Country Partnership Framework (CPF), according to sources from the Ministry of Economic Affairs. This substantial financial support aims to address key development challenges across various sectors in the country.
Of the total $40 billion, $20 billion will be allocated through the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD), while the remaining $20 billion will come from the International Finance Corporation (IFC).
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The CPF will focus on six main areas: reducing child stunting, combating climate change, enhancing learning outcomes, improving access to clean water, and fostering both public and private sector investment for inclusive development. The framework also sets specific targets for Pakistan, including:
- Increasing tax revenue to over 15% of GDP
- Adding 10 gigawatts of renewable energy capacity
- Providing quality education to 12 million students
- Delivering healthcare services to 50 million people
- Ensuring safe drinking water and sanitation for 60 million people
- Strengthening food security for 30 million individuals
- Expanding family planning services for 30 million women
Furthermore, the CPF aims to enhance flood and disaster risk management, potentially benefiting up to 75 million people in the country. This ambitious partnership with the World Bank is expected to support Pakistan’s sustainable development goals and improve the quality of life for millions.