Pakistan, World Bank review $20bn CPF as Govt pushes coordinated reform agenda

Pakistan and the World Bank on Wednesday reviewed progress under the $20 billion Country Partnership Framework (CPF), with both sides reaffirming commitment to long-term reforms and development priorities.

The discussion took place during a meeting between Federal Minister for Economic Affairs Ahad Cheema and World Bank Country Director Bolormaa Amgaabazar.

The CPF, covering fiscal years 2026 to 2035, focuses on a wide-ranging reform and investment agenda, including efforts to reduce child stunting through improved water supply, sanitation, healthcare and nutrition.

Key priorities also include strengthening climate resilience by addressing flood risks and broader climate vulnerabilities, alongside ensuring food security within the water-agriculture nexus. The framework further targets a transition towards cleaner energy systems and improved air quality.

Officials underscored the importance of mobilising private investment through the International Finance Corporation to support exports, improve external balances and sustain economic growth.

Cheema said implementation of the CPF requires coordination across federal and provincial governments, adding that all stakeholders are aligned and committed to achieving its objectives.

He also appreciated the continued support of the World Bank Group and reiterated the government’s resolve to maintain policy continuity and advance reforms, while Amgaabazar reaffirmed the Bank’s commitment to supporting Pakistan through financing, technical expertise and sustained engagement.