World Bank: Pakistan Economic Support Confirmed
Pakistan receives a substantial economic boost! Teh World Bank has confirmed a $40 billion commitment to support Pakistan’s development over the next decade. This strategic partnership, formalized under a new Contry Partnership Framework (CPF), aims to stimulate lasting and inclusive growth. Federal Economic Affairs Minister Ahad Khan Cheema highlighted the crucial role the World Bank plays in Pakistan’s socio-economic advancements. This commitment signifies a deepening of economic ties, focusing on areas like knowledge exchange and regional synergy.News Directory 3 reports on this significant development, underscoring the World Bank’s support during challenging times, including the COVID-19 pandemic and devastating floods. With the framework in place, discover the specific projects and initiatives that will drive future progress. Discover what’s next …
Pakistan, World Bank Forge Stronger Economic Role with $40B Pledge
Updated June 27, 2025
Pakistan is set to deepen its economic ties with the World Bank through a newly strengthened collaboration. Federal Economic Affairs Minister ahad Khan Cheema met with World Bank leaders in Washington, D.C.,on Thursday to discuss the partnership,according to a ministry statement released Friday. The World Bank has pledged $40 billion to Pakistan under a 10-year country partnership framework (CPF) aimed at fostering inclusive and sustainable development.
prime Minister Shehbaz Sharif previously hailed the World bank’s “investment,” anticipating a “new chapter” for Pakistan’s economy. Cheema echoed this sentiment during his meeting with World Bank Operations Managing Director Anna Bjerde and South Asia Regional Vice President Martin Raiser, acknowledging the enhanced engagement between Pakistan and the financial institution.
The CPF, spanning 2026-2035, represents a transformative strategy supported by the World Bank’s financial commitment. Cheema expressed gratitude for the World Bank’s assistance, particularly during the COVID-19 pandemic and the devastating floods of 2022.
“As our largest development partner, the World Bank has played an indispensable role in Pakistan’s socio-economic progress and improving the lives of our citizens,” cheema said.
With the CPF now in place, the government is prioritizing the development of a complete implementation framework in collaboration with the World Bank. Cheema also welcomed Pakistan’s transition to the world Bank’s Middle East and North Africa (MENA) region, believing it will foster knowledge exchange and regional synergy under vice President Ousmane dione.
In a separate meeting with world Bank Executive Director Abdelhak Bedjaoui, Cheema recognized his representation of Pakistan’s economic interests. He suggested regular visits by executive directors to better understand the development needs of constituent countries. Discussions also covered recent approvals, including the $700 million Reko Diq mining project and a $400 million risk participation facility. cheema reaffirmed Pakistan’s dedication to working with the World Bank team to achieve the CPF’s objectives.
what’s next
The World Bank leadership has assured its full support for the effective implementation of the CPF, reinforcing its commitment to Pakistan’s sustainable economic development and its crucial role in the country’s economic role.