HomeBusinessPakistan expects to receive $8 billion from the World Bank.

Pakistan expects to receive $8 billion from the World Bank.

- Advertisement -

ISLAMABAD: Pakistan is expected to receive $8 billion from the World Bank. Negotiations have begun on this matter. Under the framework of strategic national partnership policy Pakistan has started negotiations with the World Bank for a new 4-year project. Pakistan expects to receive $8 billion from the World Bank through the Strategic Partnership Policy Framework. This has some important priorities. According to Ministry of Finance officials, this CPS can cover from 2025 to 2029. The actual policy framework and duration of the CPS has not been considered in the negotiations. The CPS cannot be finalized for the fiscal year 2022 to 2026 due to the time taken. greatly in the election and establishment of a new government A newly elected government is now in place. Negotiations are underway with international organizations for a new CPS so that a 4 to 5 year CPS will be available in the next few months for most of the 4 to 5 year period. It will focus on important issues. Discussions are ongoing to finalize a framework for key funding areas over the next five years.

- Advertisement -
RELATED ARTICLES

Most Popular