Pakistan has started talks with the World Bank (WB) for a four-year, $8 billion Country Partnership Strategy (CPS) policy framework.
The precise structure and duration of the CPS, which is anticipated to last from FY 2025 to FY 2029, are still up for debate, according to TheNews.
The next several months might see the conclusion of negotiations for a new CPS that will span the next four to five years. Over the following five years, the framework will focus important areas of development.
In order to meet its financing requirements under the next IMF loan program, Pakistan is attempting to optimize disbursements over the next few years. The World Bank’s CPS might be useful after reaching a possibly $6–$8 billion agreement with the Washington-based institution.
Pakistan is pursuing a $2 billion portfolio with the World Bank in addition to the framework of the Country Partnership Strategy. This includes a $1 billion loan for the Dasu Hydropower Project included in the budget for the upcoming fiscal year.
In general, the federal government looks to the World Bank Group for assistance in a number of areas, including as social protection, energy, exports, microfinance, and climate resilience.
