The World Bank’s Board of Executive Directors has approved $700 million in financing for the Pakistan Public Resources for Inclusive Development, Multiphase Programmatic Approach (PRID-MPA), a new initiative aimed at supporting fiscal reforms and enhancing service delivery across the country.
The PRID-MPA, a multi-year program, will support both federal and provincial reforms, with a focus on mobilizing domestic revenue and improving spending efficiency. The program is aligned with Pakistan’s ongoing fiscal reforms under the IMF-Extended Fund Facility and the National Fiscal Pact.
The total financing for the program is $1.35 billion, with $600 million allocated for federal programs and $100 million earmarked for Sindh’s provincial initiatives. The program’s results-based design ensures that funds are disbursed only after the achievement of specific program objectives.
The World Bank emphasized that the program will help Pakistan mobilize more domestic resources, use them efficiently, and improve public service delivery, particularly in sectors like education, healthcare, and climate resilience.
In the federal component, key reforms will focus on enhancing tax policies, improving budget planning and execution, and strengthening data systems to enable evidence-based decision-making. The initiative will also support advancements in tax administration, integrated financial management systems, subsidy reforms, and national statistical systems led by the Pakistan Bureau of Statistics.
The Sindh provincial program will aim to boost revenues, speed up payments, and improve data utilization for decision-making. It will also support more equitable financing for primary healthcare and schools.
World Bank officials emphasized that these reforms are crucial for restoring macroeconomic stability, expanding fiscal space, and improving public services in Pakistan. The PRID-MPA is expected to drive long-term improvements in fiscal management, social investments, and governance, ensuring that resources are effectively utilized for better outcomes across the country.
