Islamabad: Acknowledging the stability of Pakistan’s economy, the World Bank has announced a 10-year agreement under the Country Partnership Framework (CPF) consisting of a $20 billion development loan.
World Bank Country Director Naji Bin Hesson said in a statement on the social networking website that economic stability is strengthening in Pakistan and on this basis, the World Bank Group has decided to further strengthen its partnership with Pakistan.
He said that the Country Partnership Framework will start from 2026 and will prove to be an important milestone in Pakistan’s development.
He said that the $20 billion funding provided under this program will be used for clean energy, environmental restoration and other development projects.
According to the World Bank, this framework will not only promote long-term development projects in Pakistan but will also give rise to new hopes along with economic stability.
