PM Shehbaz, World Bank discuss $20bn development investment
Business
Govt is taking practical steps to maximise benefits from World Bank’s investment
ISLAMABAD (Web Desk) Prime Minister Shehbaz Sharif on Thursday met with a delegation from the World Bank, led by Managing Director of Operations Anna Bjerde, to discuss the Bank’s development investment and cooperation in Pakistan.
The prime minister said the government is taking practical steps to maximize benefits from the World Bank’s investment under the Country Partnership Framework. He said the framework is expected to bring more than $20 billion in development financing to Pakistan.
He acknowledged the World Bank’s role as a key development partner and appreciated its assistance to the victims of the 2022 floods.
Anna Bjerde said the World Bank values its long-standing partnership with Pakistan. She thanked the prime minister for his role in supporting the Country Partnership Program and emphasized continued cooperation to achieve its outcomes.
She said Pakistan’s actions for macroeconomic stability had been noted within the World Bank and that the Country Partnership Framework is now being referred to internationally as the “Pakistan Model.” Bjerde said the Bank sees Pakistan’s partnership model as a reference point for future engagement in other countries.
