Pakistan is expected to receive up to $40 billion in loans in the coming years. The World Bank will provide $20 billion, while two of its affiliates will assist Pakistan in securing another $20 billion in private loans.
According to media reports, sources have indicated that the World Bank has agreed to provide Pakistan with a $20 billion loan over 10 years. Approval for this loan is expected from the World Bank’s Board of Directors by mid-this month.
The report also suggests the possibility of a visit to Islamabad by the World Bank’s Vice President following the loan’s approval.
Sources indicate that 10-year goals will be set under this loan program, and the loan will be provided under the Country Partnership Framework 2025-2035.
The purpose of this loan is to improve key sectors in Pakistan that have been neglected for a long time. Projects undertaken under this loan will be protected from political changes.
The report states that two World Bank affiliates will assist Pakistan in obtaining an additional $20 billion in private loans, bringing the total loan package to $40 billion.
