World Bank Unveils $20 Billion Partnership Framework for Pakistan

The World Bank has announced a $20 billion partnership framework for Pakistan, aimed at supporting the country's inclusive and sustainable development over the next decade. The Country Partnership Framework (CPF) seeks to build human capital and promote durable private sector growth, with a focus on initiatives such as transforming Pakistan's economy, enhancing climate resilience, poverty alleviation, and promoting digitisation. The framework also acknowledges the current commitment of $17 billion for 106 ongoing projects. However, the country still faces significant challenges, including an economic crisis and poverty. The World Bank's pledge is seen as a timely intervention to address Pakistan's pressing issues, with Prime Minister Shehbaz Sharif expressing gratitude for the bank's faith in the country's potential. The partnership is expected to have a positive impact on Pakistan's development trajectory, but its success will depend on the effective implementation of the CPF and the country's ability to address its underlying challenges.