IFC to Support Islamabad Water Projects
December 21, 2025
The World Bank has approved $700 million under PRID-MPA to bolster Pakistan’s fiscal stability and improve service delivery. The program targets federal reforms and provincial initiatives in Sindh to strengthen revenues and public institutions.
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The World Bank has sanctioned $700 million in fresh financing for Pakistan, aimed at stabilizing the economy and enhancing public services. The funding, part of the Public Resources for Inclusive Development — Multiphase Programmatic Approach (PRID-MPA), could scale up to $1.35 billion over time. Of the current allocation, $600 million will support federal reforms, while $100 million is earmarked for Sindh.
World Bank Country Director Bolormaa Amgaabazar emphasized the importance of mobilizing domestic resources efficiently, noting that the program will ensure predictable funding for schools, clinics, and climate initiatives. Lead economist Tobias Akhtar Haque added that PRID-MPA introduces a coordinated reform strategy to expand fiscal space, strengthen revenue administration, and improve budget execution.
Federal measures include tax reforms, subsidy restructuring, and scaling up the Integrated Financial Management Information System. In Sindh, the initiative will streamline payments, boost provincial revenues, and enhance data-driven policymaking. Together, these reforms aim to restore macroeconomic stability, improve institutional performance, and ensure funds reach critical social sectors effectively.
