During key discussions in Washington, representatives from the World Bank and Pakistan expressed strong support for the newly established Country Partnership Framework (CPF) for 2026–2035, fortified by an extraordinary pledge of $40 billion. This announcement not only represents a remarkable financial commitment but also highlights the growing collaborative spirit between these two entities.
Federal Minister Ahad Khan Cheema met with Anna Bjerde, Managing Director for Operations, and Martin Raiser, the South Asia Regional VP, during his visit to the U.S. He acknowledged the deepening partnership and reaffirmed Pakistan’s determination to ensure the CPF’s successful implementation. As noted by the Economic Affairs Division, “This enhanced engagement has culminated in the development of the new Country Partnership Framework … a transformative ten‑year strategy backed by an unprecedented $40 billion commitment from the World Bank.”
**Building on the Initial Agreement**
Originally, the World Bank had laid the groundwork with a $20 billion CPF, supported by funding from entities like IDA, IBRD, IFC, and MIGA. This earlier agreement marked a significant step toward a long-term strategic framework for Pakistan. The revised commitment, now totaling $40 billion, not only deepens this partnership but also expands its focus significantly.
**Key Development Goals**
The CPF will tackle six crucial areas to drive meaningful change:
– **Reducing Child Stunting**: Ensuring access to clean water, sanitation, nutrition, health services, and family planning support.
– **Addressing Learning Poverty**: Elevating the quality of foundational education across the country.
– **Climate & Food Resilience**: Developing flood defenses and reliable water-agriculture systems to combat climate impacts.
– **Improving Clean Energy & Air Quality**: Advocating for sustainable energy practices while addressing pollution issues.
– **Fiscal Reform & Public Spending**: Strengthening revenue generation and enhancing oversight on budget allocations.
– **Fostering Inclusive Private Sector Growth**: Attracting private investments to boost trade and diversify the economy.
**Strategic Framework and Performance Review**
The CPF spans a full decade, with a mid-term Performance and Learning Review set for the fiscal year 2030. Funding will be primarily sourced through IDA and IBRD, while the balance will come from private-sector financing through IFC and MIGA. The initiative employs an “IF and THEN” strategy, linking fund disbursement to concrete policy and structural reforms, particularly in critical sectors like taxation, energy, and social protection.
**Emphasizing Regional Collaboration**
Minister Cheema also expressed support for including Pakistan in the MENA region portfolio, indicating that such inclusion could foster greater knowledge-sharing and collaboration with neighboring countries. To ensure the CPF’s effectiveness, the government is developing a comprehensive implementation framework.
Prime Minister Shehbaz Sharif shared his thoughts on social media, affirming that the World Bank’s agreement signifies trust in Pakistan’s economic stability and its potential for future growth.
This $40 billion commitment marks a pivotal moment for Pakistan. The CPF transitions from previously disjointed initiatives into a focused, decade-long strategy that resonates with the broader reform agenda of the nation—spanning energy, education, human capital development, and climate resilience. It stands to pave the way for a sustainable economic growth trajectory for years to come.
**Connecting with the Future**
For many in Pakistan, this initiative brings hope. It’s about more than just numbers; it represents a new chapter in development, one that promises a better future filled with opportunities. The government’s proactive approach and the support from the World Bank illuminate a path toward stability and growth that can positively impact countless lives. As these plans unfold, many will be looking closely, ready to embrace the changes that could redefine Pakistan’s landscape for generations.
