Pakistan has initiated talks with the World Bank (WB) to establish an $8 billion Country Partnership Strategy (CPS) spanning four years. The CPS, expected to cover the period from FY 2025 to FY 2029, is currently in the discussion phase regarding its specific scope and duration, as reported by Bol News.
Negotiations are underway for a new CPS that will extend over the next four to five years and may conclude within the coming months. The strategy will prioritize key areas of development for the next five years.
These discussions align with Pakistan’s efforts to optimize disbursements in the coming years to meet its financial requirements under the forthcoming IMF loan program. With an anticipated agreement with the IMF valued between $6-8 billion, the World Bank’s CPS is poised to play a crucial role.
In addition to the Country Partnership Strategy, Pakistan is actively pursuing a $2 billion portfolio with the World Bank, which includes a $1 billion loan designated for the Dasu Hydropower Project in the upcoming fiscal year’s budget.
Overall, the federal government is seeking support from the World Bank Group across various sectors, including energy, exports, microfinance, climate resilience, and social protection.