The first-ever 10-year Country Partnership Framework (CPF) for Pakistan has been formally approved by the World Bank’s Board of Directors, marking a major advancement in the nation’s development efforts. The framework received the support of 19 of the 24 directors.
The World Bank has made the greatest financial commitment to Pakistan in its history with this historic pledge of $20 billion.
A thorough monitoring and evaluation scorecard will be used to track progress in the six key development areas that the CPF will focus on.
The International Development Association (IDA) will get about 75% of the $20 billion, while the International Bank for Reconstruction and Development (IBRD) will supply the remaining portion.
