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PM unveils WB’s $20b partnership framework

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif launched World Bank’s Country Partnership Framework (CPF) for Pakistan at a ceremony held in Islamabad today.

Speaking on the occasion, he said today is a great day in the history of Pakistan in terms of very strong relationship with the World Bank.

The Prime Minister said the World Bank has supported Pakistan over a period of time. He said very important projects were built in Pakistan with the World Bank’s support, ranging from hydel power generation in water sector, and reforming various important organizations like Federal Board of Revenue.

The Prime Minister said the Country Partnership Framework, which spans over ten years with an amount of twenty billion dollars is a vision to transforming Pakistan’s economy, building climate resilient projects, alleviating poverty and unemployment and promoting digitization , agriculture and IT led initiatives.

The Prime Minister thanked the World Bank team particularly its President Ajay Banga, Vice President for South Asia Martin Raiser on behalf of the government of Pakistan for coming out with the innovative programme.  

He said the presence of the Vice President of the World Bank in the ceremony is a message to the people of Pakistan that the World Bank has faith in Pakistan’s system, which is now attaining vibrancy and has become very functional and operational, undertaking deep rooted structural changes. He said this vision is very timely intervention to address all the issues which are being faced by Pakistan.