WB’s delegation to arrive in Pakistan today
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A World Bank’s Executive Directors nine-member delegation of the World Bank Group is set to arrive in Pakistan today after two decades. The agenda of the visit includes discussions on economic development projects, investment opportunities, and strategies for implementing the recently approved $40 billion Country Partnership Framework (CPF) for the next decade.
According to the media report, they will engage in key discussions with senior government officials and visit multiple provinces to assess development initiatives and devise strategic plans. The delegation represents 88 member countries on the World Bank’s Board of Directors.
The World Bank Executive Directors will meet with the Prime Minister, the Ministers of Finance, Economic Affairs, Planning, and Energy. The focus of these discussions will be on Pakistan’s economic growth, investment climate, and the effective execution of the $40 billion CPF.
The delegation will travel to Khyber Pakhtunkhwa, Sindh, and Punjab while also engaging with representatives from Balochistan. These visits aim to provide insights into regional development challenges and opportunities, aligning with the World Bank’s commitment to fostering sustainable economic growth across Pakistan. Additionally, the delegation will hold meetings with business leaders, academics, and civil society representatives.
The World Bank Group—comprising the International Development Association (IDA), the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID)—plays a pivotal role in shaping global economic policies.
This visit holds particular significance for Pakistan as the recently approved CPF is being observed as a model by other nations following the World Bank’s adoption of a new Country Engagement Framework. The strategic partnership is aimed at enhancing economic resilience, boosting private sector development, and improving infrastructure nationwide.
Pakistan’s CPF has drawn considerable attention at the World Bank headquarters, with other countries viewing it as a benchmark for structuring their economic cooperation with the institution.
The visiting Executive Directors will also work on developing long-term business plans and ensuring their successful implementation, reinforcing the World Bank’s commitment to Pakistan’s economic transformation.
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