WB announces $20B financing plan for Pakistan

The World Bank will provide Pakistan with loans totaling $20 billion over the next decade, Report informs via DW.

These funds will be invested in nutrition, education and renewable energy sources to stimulate private sector growth.

Pakistan has agreed to an unprecedented ten-year cooperation plan with the World Bank. Under the new program, called the Country Partnership Framework (CPF), loans worth $20 billion will help stabilize the struggling economy.

The CPF is expected to start showing results by 2026, promoting private sector growth and increasing climate change resilience.