World Bank Pledges $20 Billion for Pakistan Under 10-Year Development Plan

The World Bank has approved $20 billion funds through its Country Partnership Framework (CPF) for Pakistan, prominent sources from the Ministry of Economic Affairs told ProPakistani. Around three-quarters of the funding will be channeled through the International Development Association (IDA) while the remainder will be provided through the International Bank for Reconstruction and Development (IBRD). The CPF focuses on six key development areas and includes additional support from the International Finance Corporation (IFC). The framework aims to tackle child stunting, enhance climate change resilience, improve learning outcomes, and provide clean water while leveraging public resources and private investments for inclusive development. Key targets include increasing Pakistan’s tax revenue to over 15 percent of GDP, adding 10 gigawatts of renewable energy capacity, delivering quality education to 12 million students, and expanding healthcare services to 50 million people. Sources said the CPF seeks to provide clean water and sanitation facilities to 60 million people, strengthen food security for 30 million, and improve contraceptive access for 30 million women. Sources added that addressing disaster risks will also be a core focus. The plan will benefit 75 million people through enhanced flood and hazard resilience. Of the World Bank’s 24 directors, 19 have voted in favor of the framework.