The World Bank’s Board of Directors has officially approved its first-ever 10-year Country Partnership Framework (CPF) for Pakistan, marking a significant step toward boosting the country’s development initiatives. Nineteen out of twenty-four directors voted in favor of the framework.
Under this historic commitment, the World Bank has pledged $20 billion, the largest financial commitment to Pakistan in its history.
The CPF will focus on six crucial development areas, with progress being assessed through a comprehensive monitoring and evaluation scorecard.
Approximately 75% of the $20 billion will be provided through the International Development Association (IDA), with the remainder from the International Bank for Reconstruction and Development (IBRD).
The framework’s key focus areas include reducing child stunting, mitigating climate change, improving educational outcomes, ensuring access to clean water, and promoting both public and private investment.
Specific goals outlined in the CPF include increasing tax revenue to over 15% of GDP, adding 10 gigawatts of renewable energy capacity, providing quality education to 12 million students, and delivering healthcare services to 50 million individuals.
Additionally, the initiative aims to provide safe drinking water and sanitation for 60 million people, strengthen food security for 30 million, and enhance access to family planning services for 30 million women.
The framework also addresses flood and disaster risks, benefiting 75 million people across the nation.
This ambitious plan marks a pivotal moment in Pakistan’s development trajectory, aiming to improve the quality of life for millions while promoting sustainable growth.
