World Bank to Lend Pakistan $20 Billion Over Next 10 Years
Vice President of the World Bank is expected to visit Islamabad following the loan approval.
ISLAMABAD: The World Bank has agreed to provide Pakistan with a loan worth $20 billion over the next decade, with the approval expected from the Bank’s Board of Directors on January 14. The loan will be part of the Country Partnership Framework 2025-2035 and is aimed at improving Pakistan’s most underserved sectors, including health, education, and climate change.
According to sources in the Ministry of Economic Affairs, the ten-year loan program will focus on addressing key development challenges and creating a sustainable pathway for growth in these critical sectors. These initiatives will be shielded from political shifts to ensure continuity in their implementation.
In addition, the World Bank’s two subsidiaries will assist in securing an additional $20 billion in private loans, bringing the total financing package to $40 billion. This financial support will help Pakistan strengthen its socio-economic infrastructure and advance in key areas that are critical for long-term development.
Read More: West Indies Cricket Team Arrives in Dubai Ahead of Pakistan Tour
Martin Raiser, Vice President of the World Bank, is expected to visit Islamabad following the loan approval. This significant development marks a major step in fostering international collaboration for Pakistan’s economic recovery and growth.
