World Bank reaffirms commitment to Pakistan’s 10-year development programme under $20 billion framework

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and World Bank Group Managing Director Anna Bjerde on Sunday discussed the Country Partnership Framework and Pakistan’s development priorities in the Kingdom of Saudi Arabia.

Senator Aurangzeb held a meeting with Anna Bjerde on the sidelines of the Annual AlUla Conference for Emerging Market Economies being held in Saudi Arabia, according to a statement issued here.

During the meeting, while following up on the World Bank president’s visit to Pakistan last week, both sides reviewed progress under the Country Partnership Framework (CPF) and discussed the way forward to further strengthen development cooperation.

The discussions covered priority sectors including energy, education, health, climate resilience, debt-for-development swaps, fiscal reforms, and infrastructure development.

Both sides emphasised the need for a more focused approach, the introduction of clear performance indicators, and stronger implementation mechanisms to translate commitments into tangible outcomes.

Anna Bjerde reaffirmed the World Bank Group’s commitment to Pakistan’s ten-year development programme amounting to $20 billion, underscoring continued support for the country’s reform and development agenda.

She highlighted the importance of sustained engagement and effective execution to maximise the programme’s developmental impact.

Senator Aurangzeb reiterated the government’s commitment to close collaboration with the World Bank Group and assured full cooperation through relevant federal ministries.

He also underscored the role of provincial governments in ensuring better coordination, timely execution, and delivery of measurable results under the programme.

The AlUla Conference for Emerging Market Economies, launched in 2025, brings together finance ministers, central bank governors, senior policymakers, leaders of international financial institutions, and global experts to discuss key economic challenges and opportunities facing emerging market economies.