Prime Minister Shehbaz Sharif officially launched the World Bank’s Country Partnership Framework (CPF) for Pakistan—a transformative 10-year, $20 billion initiative aimed at revitalising the country’s economy.
Addressing the launch ceremony in Islamabad on Thursday, PM Shehbaz described the partnership as a “great day in the history of Pakistan” and a reflection of the World Bank’s trust in the nation’s economic resilience.
He highlighted the World Bank’s enduring support for Pakistan, emphasising its contributions to major projects in hydropower generation, water sector reforms, and organisational development.
The CPF targets six key priority areas: child nutrition, quality education, clean energy, climate resilience, inclusive development, and private sector growth. Expressing his appreciation, the PM thanked the World Bank team, particularly President Ajay Banga and Vice President Martin Raiser, for their innovative approach to the programme.
Economic Affairs Minister Ahad Khan Cheema also praised the World Bank’s commitment, noting that the $20 billion investment over the next decade demonstrates the institution’s confidence in Pakistan.
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The initiative aims to tackle critical challenges such as poverty, unemployment, and climate change. By leveraging the World Bank’s backing, Pakistan plans to foster digitisation, agriculture, and IT-driven initiatives to accelerate economic progress.
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