CPF 2026-35: World Bank Group pledges to mobilise up to USD2bn annually over next decade
ISLAMABAD: The World Bank Group has pledged to mobilise up to USD2 billion annually for Pakistan over the next decade under its Country Partnership Framework (CPF) 2026-35, with the government seeking to channel the increased financing towards small and medium enterprises (SMEs), public-private partnership projects and housing finance, among other priority areas. This was discussed during a…
The World Bank Group has pledged to provide up to USD2 billion annually to Pakistan over the next ten years through its Country Partnership Framework (CPF) 2026-35. The funds will be directed towards key areas such as small and medium enterprises (SMEs), public-private partnership projects, and housing finance. This commitment was discussed during a meeting between IFC Division Director Simon Andrews and World Bank Country Director for Pakistan Bolormaa Amgaabazar, along with Federal Minister for Economic Affairs Ahad Cheema.
Minister Cheema expressed appreciation for the World Bank Group's enhanced role in Pakistan over the past four years and highlighted the government's focus on SMEs, PPP projects, and housing finance. The discussions emphasized the potential of SMEs to drive economic growth and create employment opportunities. The government is actively working to foster PPP projects and has taken steps to establish an expanded Public-Private Partnership Authority (P3A) to assist in developing and regulating such projects.
Housing finance was also a significant topic, with the government aiming to facilitate home construction and improve access to housing facilities. IFC and the World Bank representatives welcomed the government's priorities and reaffirmed their commitment to supporting viable initiatives through technical assistance and financing for quality development projects.
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