Pakistan’s Economic Plan Gets Continued Support from World Bank

Pakistan’s economic reforms have received a strong endorsement from the World Bank, signaling sustained international backing for the country’s development goals. In recent high-level discussions, Economic Affairs Minister Ahad Cheema met with key World Bank officials, including Operations Managing Director Anna Bjerde and South Asia Regional Vice President Martin Raiser, to strengthen collaboration. The talks highlighted Pakistan’s alignment with the World Bank’s 10-year Country Partnership Framework (CPF), which aims to foster inclusive and sustainable growth.

The World Bank has committed significant resources to support Pakistan’s priorities, including a $700 million investment in the Reko Diq mining project and a $400 million risk participation facility. Additionally, recent approvals include $194 million for education and water security initiatives in Balochistan, addressing critical needs in the province’s infrastructure and human development. These investments align with Pakistan’s broader strategy to enhance economic stability, improve fiscal management, and boost private sector growth.

Cheema emphasized the need for regular engagement between World Bank officials and Pakistan to better address development challenges. The shift of Pakistan to the World Bank’s Middle East and North Africa (MENA) region is expected to facilitate knowledge sharing and regional cooperation. Posts on X reflect optimism about the partnership, noting the potential for job creation and economic resilience through projects like the CPF, though some express concerns about Pakistan’s rising debt levels.

This renewed commitment underscores confidence in Pakistan’s economic trajectory, with a focus on long-term reforms to address poverty, education, and climate resilience. The partnership is set to drive measurable progress in the coming years.

Published in SouthAsianDesk, June 27th, 2025

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