Islamabad: The World Bank has announced a significant financial commitment to Pakistan, pledging $40 billion over the next decade under the Country Partnership Framework (CPF). This substantial investment aims to address key developmental challenges and bolster the country’s economic growth.

According to a statement by Ministry of Information and Broadcasting, the funding commitment highlights the successful efforts of Prime Minister Shehbaz Sharif in garnering international backing for Pakistan’s economic agenda. The CPF will focus on critical areas such as reducing child stunting, addressing climate change, enhancing educational outcomes, ensuring access to clean water, and fostering both public and private investments for comprehensive development.

The financial package includes $20 billion from the International Development Association and the International Bank for Reconstruction and Development, which are both part of the World Bank Group. Additionally, the International Finance Corporation is set to contribute another $20 billion to support the CPF’s initiatives.

This strategic partnership underscores a decade-long commitment to addressing some of Pakistan’s most pressing development issues, aiming to create a sustainable and inclusive economic environment.