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World Bank Set to Approve $20 Billion Development Initiative for Pakistan

share-iconPublished: Sunday, January 05 share-iconUpdated: Sunday, January 05 comment-icon1 year ago
News sources:
INDIATIMES
World Bank Set to Approve $20 Billion Development Initiative for Pakistan

Credited from: INDIATIMES

  • The World Bank is expected to approve a $20 billion package for Pakistan, initiating a decade-long plan to support development initiatives.
  • The programme, titled "Pakistan Country Partnership Framework 2025-35," aims to address key areas such as reducing child stunting and enhancing climate resilience.
  • This strategy has garnered support across the political spectrum, thus providing a more stable foundation for development amidst possible political changes.
  • A total of $40 billion is expected to be engaged, including $20 billion in private sector funding through various World Bank arms.
  • The framework will transition the World Bank's focus towards larger, impactful projects, moving away from smaller short-term lending practices.

For more details, visit the original article at Times of India.

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