Pakistan has initiated talks with the World Bank (WB) to establish an $8 billion Country Partnership Strategy (CPS) spanning four years.
The framework, anticipated to cover Fiscal Year (FY) 2025 to FY 2029, is currently in the discussion phase regarding its specific structure and timeframe, according to The News.
Negotiations for a new CPS, aiming to span four to five years, are ongoing and may conclude within the coming months. The framework will prioritize key development areas for the subsequent five years.
These discussions coincide with Pakistan’s efforts to optimize disbursements in line with its funding requirements under the forthcoming IMF loan program.
With a potential agreement with the Washington-based lender worth $6–8 billion secured, the World Bank’s CPS could prove beneficial.
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Alongside the CPS framework, Pakistan is pursuing a $2 billion portfolio with the World Bank, including a $1 billion loan designated for the Dasu Hydropower Project in the next fiscal year’s budget.
Overall, the federal government seeks support from the World Bank Group across various sectors such as energy, exports, microfinance, climate resilience, and social protection.