Pakistan and the World Bank have reaffirmed their strategic development alliance with the formal launch of a landmark $40 billion Country Partnership Framework (CPF) for the 2026–2035 period. This ten-year plan aims to drive inclusive growth, economic stability, and sustainable development across Pakistan.

The announcement was made during high-level consultations in Washington, D.C., where Pakistan’s Federal Minister for Economic Affairs, Ahad Khan Cheema, met with top World Bank officials. Cheema held fruitful discussions with Anna Bjerde, Managing Director for Operations, and Martin Raiser, South Asia Regional Vice President.

Cheema praised the World Bank’s pivotal role as Pakistan’s largest development partner, especially during crises such as the COVID-19 pandemic and the devastating 2022 floods. He emphasized that the newly launched CPF is a transformative strategy that reflects years of deepening collaboration.

The CPF 2026–2035 will serve as a roadmap for achieving impactful reforms, infrastructure growth, and social progress. The minister highlighted the government’s focus on creating a robust implementation framework in close coordination with the World Bank to ensure effective delivery of the CPF’s ambitious objectives.

Pakistan’s shift to the World Bank’s Middle East and North Africa (MENA) Region, under Vice President Ousmane Dione, was also welcomed by Cheema, who noted the transition could enable enhanced regional partnerships and knowledge exchange.

In another key meeting, Cheema met Abdelhak Bedjaoui, World Bank Executive Director, and appreciated his efforts in championing Pakistan’s economic priorities. The minister proposed that World Bank executive directors undertake regular visits to constituency countries for deeper engagement.

The discussions also spotlighted recent approvals such as the $700 million Reko Diq mining project and the $400 million Risk Participation Facility, both reflecting continued trust and cooperation despite challenges.

Minister Cheema reiterated Pakistan’s unwavering commitment to collaborating with the World Bank to unlock the CPF’s full development potential, aiming to bring measurable improvements to livelihoods and the economy.