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The World Bank, is an international financial institution that provides loans and grants to support global development, reduce poverty, and promote economic growth. It consists of five institutions. It funds projects in infrastructure, education, healthcare, and the environment, emphasizing sustainable development and financial stability.
A nine-member World Bank delegation has arrived in Pakistan, marking the first visit in 20 years. They will meet key government officials to discuss the utilization of $40 billion in funding and the Country Partnership Framework. The delegation will also visit Khyber Pakhtunkhwa, Sindh, Punjab, and Balochistan to assess development projects and formulate strategies.
Following a week-long visit to Pakistan, Raiser emphasized the need to balance optimism about the $20 billion Country Partnership Framework with the country’s actual financing requirements to tackle the human capital crisis.
“The World Bank Group’s support alone will not be enough to meet the ambitious targets. Enhancing the business climate to attract private sector investment is essential,” Raiser stated in a country office statement issued at the end of the visit.
