Pakistan and World Bank Collaborate on $20 Billion Partnership Framework

ISLAMABAD – Pakistan and the World Bank have reaffirmed their commitment to advancing economic reforms and sustainable development through a $20 billion Country Partnership Framework (CPF). During a high-level meeting between Finance Minister Senator Muhammad Aurangzeb and the World Bank team, discussions focused on key areas such as health, education, climate resilience, and inclusive growth.

    The World Bank presented its National Growth and Fiscal Program, which aims to unlock constraints to economic progress, improve revenue mobilization, and enhance service delivery efficiency. The program also emphasizes outcome-based reforms linked to human development and socio-economic growth.

    Finance Minister Aurangzeb stressed the importance of a nationally coordinated approach to fiscal and trade reforms, highlighting the role of the National Fiscal Pact in achieving macroeconomic stability. Both sides expressed their commitment to collaboration, ensuring that public resources are allocated effectively for inclusive development.

    This partnership underscores Pakistan’s dedication to fostering sustainable growth and improving the well-being of its citizens.