A high-level delegation from the World Bank (WB) has landed in Pakistan, to discuss development projects.
As per details, the WB delegation comprised Executive Directors, according to sources.
The purpose of WB delegation visit is to discuss economic development projects and investment opportunities.
The delegation will also engage in talks on strategies for implementing the recently approved Country Partnership Framework.
Pakistan and the World Bank had signed a 10-year agreement worth $20 billion for the Country Partnership Framework, with plans to increase these funds to $40 billion in the future.
The sources stated that the World Bank will provide approximately three-quarters of the $20 billion through the International Development Association (IDA), while the remaining amount will be provided through the International Bank for Reconstruction and Development (IBRD).
The extended framework will focus on six key development sectors, and the CPF’s completion will be supported by additional funding from the International Finance Corporation.
