World Bank preparing new Country Partnership Framework for Pakistan
Top Story
January 26, 2021
ISLAMABAD: The World Bank (WB) is preparing a new Country Partnership Framework (CPF) for the next five years from fiscal year 2022 to 2026 with possible portfolio of $10 to $12 billion for different sectors of economy of Pakistan.
The Pakistani authorities are expecting that the World Bank Group will extend lending of around $12 billion for five years period under the CPF. “Although, the WBG has not officially communicated the exact size of portfolio but it should be around $12 billion,” a top official of the PTI led government confided to The News here on Monday.
ISLAMABAD: Economic Affairs Minister Makhdum Khusro Bakhtyar is receiving a document from World Bank’s Country Director Najy Benhassine related to next five-year Country Partnership Framework during a meeting on Monday.
ISLAMABAD: With divergent financing priorities, Pakistan has asked the World Bank to focus its next five-year funding under Country Partnership Framework (CPF) on basic areas where the country lagged like human capital, poverty alleviation, stunting, revenue mobilisation and economic reforms.
This was conveyed to a World Bank team led by Country Director Najy Benhassine on Monday by Minister for Economic Affairs Makhdum Khusro Bakhtyar as part of consultations on the CPF 2022-26.
Top Story
January 26, 2021
ISLAMABAD: The World Bank (WB) is preparing a new Country Partnership Framework (CPF) for the next five years from fiscal year 2022 to 2026 with possible portfolio of $10 to $12 billion for different sectors of economy of Pakistan.
The Pakistani authorities are expecting that the World Bank Group will extend lending of around $12 billion for five years period under the CPF. “Although, the WBG has not officially communicated the exact size of portfolio but it should be around $12 billion,” a top official of the PTI led government confided to The News here on Monday.
The WB’s CPF for five years is in the process of finalization that is expected to be presented before the Executive Board of WB in May/June 2021. “The consultation with relevant stakeholders is underway and the next CPF will be ready by end of the ongoing financial year,” said one official.
WB assures support to Pakistan’s development targets
Business
January 26, 2021
ISLAMABAD: The World Bank on Monday assured Pakistan of its continuous support to help the country in achieving the priority development objectives, including human capital development, poverty alleviation, revenue mobilisation and economic reforms.
The World Bank Country Director Najy Benhassine said they are taking inputs from all the key stakeholders to help Pakistan overcome social and economic challenges under its new five-year country partnership framework.
Benhassine said the World Bank Group has initiated the process of preparing a new country partnership framework (CPF) for Pakistan that will outline its strategic support in the country for the next five years starting from FY2022.
World Bank prepares new Country Partnership Framework for Pakistan
January 25, 2021
ISLAMABAD, Pakistan: The World Bank’s Country Director for Pakistan Najy Benhassine has said that the World Bank Group (WBG) has initiated the process of preparing a new Country Partnership Framework (CPF) for Pakistan that would outline its strategic support in the Country for the next five years starting from FY 2022.
In a consultative meeting with the Minister for Economic Affairs Khusro Bakhtiar at the Ministry of Economic Affairs in Islamabad on Monday, Najy Benhassine shared that the next World Bank Pakistan Country Partnership Framework would broadly focus on four strategic areas i.e. education, health, environment & growth, and improved governance as an enabler.