World Bank Commits $40 Billion to Pakistan’s Long-Term Growth

The World Bank has committed to a massive $40 billion investment in Pakistan from 2026 to 2035, marking its largest and longest engagement with the country. This investment falls under a newly extended 10-year Country Partnership Framework (CPF), aligning closely with Pakistan’s “Uraan Pakistan” National Economic Transformation Plan.

Shift to a Decade-Long Strategy

Unlike previous five-year strategies, this new 10-year CPF signals a strong, long-term commitment to Pakistan’s development. The Ministry of Economic Affairs is currently working on an implementation plan that reflects national priorities.

$20 Billion in Sovereign Loans

In the first phase, Pakistan will receive $20 billion in sovereign loans from the World Bank’s International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). These funds will target vital sectors such as education, health, climate action, clean energy, and air quality.

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Private Sector Boost

The International Finance Corporation (IFC), a sister organization of the World Bank, will mobilize another $20 billion in private sector investment. This support aims to fuel job creation and enhance sustainable economic development across the country.

Ongoing Support in KP

In April, the World Bank approved an additional $108 million for two development projects in Khyber Pakhtunkhwa. These include $78 million for the Rural Accessibility Project (KPRAP) and $30 million for the Integrated Tourism Development Project (KITE). Both are designed to improve access to services and markets, while strengthening the province’s resilience to natural disasters.

Focus on Resilience and Job Creation