President of the World Bank Group, Ajay Banga, on Wednesday emphasized the bank’s readiness to continue supporting economic reforms and long-term initiatives on climate resilience under the new Country Partnership Framework (2026–2035) for Pakistan.
Banga met with Pakistan’s Prime Minister Shehbaz Sharif on the sidelines of the 80th Session of the United Nations General Assembly. He praised Pakistan’s ongoing reform measures and reaffirmed the Bank’s commitment to Pakistan’s development agenda.
The Prime Minister apprised the World Bank president on the government’s comprehensive reform agenda, which includes resource mobilization, energy sector reforms, privatization, and efforts to build resilience against climate change.
PM Sharif expressed appreciation for the World Bank’s unprecedented commitment of $40 billion to Pakistan under the new CPF (2026–2035) and reaffirmed his government’s commitment to ensuring its effective implementation in close coordination with provincial governments.
He also highlighted that the reform agenda had led to macroeconomic stabilization, restored investor confidence, and promoted sustainable and inclusive economic growth.
The Prime Minister praised Ajay Banga’s leadership in transforming the World Bank into a faster, more efficient, and impactful development partner, with a renewed focus on simplifying operations and mobilizing private sector resources. He also commended the Bank’s long-standing support to Pakistan, particularly during the COVID-19 pandemic and the devastating 2022 floods.
Both sides reiterated their commitment to strengthening cooperation under the Country Partnership Framework to advance Pakistan’s development priorities.
