ISLAMABAD – The World Bank (WB) has recognized the efforts of the Pakistani government in achieving economic stability, with the global financial institution stating that “economic stability is taking hold” in the country.
In an announcement last month, the World Bank revealed a significant plan to provide $20 billion in development lending to Pakistan under the new Country Partnership Framework. This funding, which will begin in 2026, will be directed towards crucial areas such as clean energy and climate resilience, aligning with Pakistan’s long-term development goals.
Najy Benhassine, the World Bank’s Country Director for Pakistan, shared his remarks via a video message on X, emphasizing the importance of the partnership between the World Bank Group and Pakistan. He said, “This is an important moment for the partnership between the World Bank Group and Pakistan as we engage on this journey at a particular moment for Pakistan where stabilization is taking hold, and there are new ambitions and new plans for development on the long term that are very aligned with the priorities of the World Bank Group in the country.”
Benhassine further noted that the joint commitment between the World Bank and the government of Pakistan, both at the federal and provincial levels, will focus on addressing six of the country’s most pressing development challenges.
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This collaboration marks a significant step in Pakistan’s development journey as the country works towards addressing critical issues and achieving long-term stability and growth.
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