The World Bank has taken a historic step by approving its first-ever 10-year Country Partnership Framework (CPF) for Pakistan. This groundbreaking initiative has been backed by 19 out of 24 directors on the Board.
With this framework, the World Bank has pledged $20 billion, making it the largest financial commitment to Pakistan in history. Around 75% of the funding will be channeled through the International Development Association (IDA), while the remainder will come from the International Bank for Reconstruction and Development (IBRD).
The Country Partnership Framework focuses on six critical development areas. These include reducing child stunting, combating climate change, enhancing educational outcomes, improving access to clean water, and boosting both public and private investment. A robust monitoring and evaluation system will track progress in each area.
The framework sets ambitious goals. It aims to increase Pakistan’s tax revenue to over 15% of GDP and add 10 gigawatts of renewable energy capacity. It also plans to provide quality education to 12 million students and healthcare services to 50 million individuals.
Moreover, the CPF seeks to ensure safe drinking water and sanitation for 60 million people. It will strengthen food security for 30 million citizens and expand access to family planning services for 30 million women. The framework also addresses flood and disaster risks, targeting support for 75 million people across the country.
This monumental Country Partnership Framework signals a transformative moment for Pakistan. By addressing critical challenges, it aims to improve the lives of millions while fostering sustainable growth. This initiative underscores the World Bank’s commitment to Pakistan’s progress and development.
