The World Bank has approved a $20 billion commitment to Pakistan as part of a 10-year Country Partnership Framework (CPF), with 19 out of 24 directors voting in favor.
Reports indicate that approximately 75% of the funding will be provided by the International Development Association (IDA), with the rest coming from the International Bank for Reconstruction and Development (IBRD).
The CPF will focus on six key sectors, including addressing child stunting, climate change, access to clean water, renewable energy, and improving public resources. The plan aims to increase tax revenue to 15% of GDP, add 10 gigawatts of renewable energy, and enhance access to education, healthcare, and sanitation for millions.
However, a recent World Bank report noted a significant 7% rise in Pakistan’s poverty rate in 2024, reaching 25.3%, which has added 13 million more people to the poverty population.
