75% of $20 billion for Pakistan to be disbursed through IDA.
World Bank pledges $20 bln to Pakistan under 10-year CPF. The World Bank’s Board of Directors has formally approved its first 10-year Country Partnership Framework (CPF) for Pakistan, a major step towards scaling up the country’s development efforts. Nineteen of the twenty-four directors voted in favor of the framework.
Under this historic commitment, the World Bank has pledged $20 billion, the largest financial commitment in its history to Pakistan.
The CPF will target six key development areas and will be supported by a comprehensive monitoring and evaluation scorecard to assess progress.
Approximately 75% of the $20 billion will be disbursed through the International Development Association (IDA), with the remainder provided by the International Bank for Reconstruction and Development (IBRD).
The framework’s key focus areas include reducing child stunting, mitigating climate change, improving education outcomes, ensuring access to clean water, and promoting public and private investment.
Specific goals outlined in the CPF include increasing tax revenue to more than 15% of GDP, adding 10 gigawatts of renewable energy capacity, providing quality education to 12 million students, and providing healthcare services to 50 million people.
Additionally, the initiative aims to ensure access to safe drinking water and sanitation for 60 million people, strengthen food security for 30 million, and expand access to family planning services for 30 million women.
The framework also addresses flood and disaster risks, with a target of benefiting 75 million people across the country.
This ambitious plan marks a pivotal moment in Pakistan’s development journey, aiming to improve the quality of life for millions of people while promoting sustainable development.
