New York: The World Bank has assured Pakistan of unprecedented financial support worth $40 billion under its new 2026–2035 Country Partnership Framework, reaffirming commitment to the country’s reform and climate resilience agenda during a meeting between Prime Minister Shehbaz Sharif and World Bank President Ajay Banga on the sidelines of the UN General Assembly in New York.
The Prime Minister praised Mr. Banga’s leadership in transforming the Bank into a faster and more efficient development partner, with stronger private sector engagement. He highlighted Pakistan’s reform agenda covering resource mobilization, energy sector restructuring, privatization, and climate resilience.
$40 billion partnership framework
The Prime Minister welcomed the World Bank’s new Country Partnership Framework (2026–2035), under which the Bank has pledged an unprecedented US$ 40 billion for Pakistan. He stressed the government’s commitment to ensuring its effective implementation in coordination with provincial governments.
Mr. Banga commended Pakistan’s reform measures and reaffirmed the Bank’s commitment to supporting Pakistan’s development priorities. He noted the Bank’s readiness to assist in advancing economic reforms and long-term climate resilience initiatives.
Both sides reiterated their resolve to deepen cooperation under the CPF to drive inclusive and sustainable growth in Pakistan.
