High-Level Meetings Focus on Reforms and Development
World Bank President Ajay Banga has arrived in Pakistan on an important official visit. The visit aims to strengthen the World Bank’s long-term partnership with Pakistan. According to reports, the visit is part of ongoing efforts to support economic stability and development reforms.
Sources said Ajay Banga will remain in Pakistan until February 4. During his stay, he is scheduled to hold meetings with senior government leaders. These include the Prime Minister, Deputy Prime Minister, Finance Minister, and other key officials.
The meetings will focus on Pakistan’s economic challenges and reform priorities. Discussions are expected on fiscal management, public sector reforms, and development planning. Water-related disputes and resource management issues will also be part of the agenda.
Officials will brief the World Bank president on Pakistan’s reform roadmap. Development projects and future investment plans will also be discussed. The visit is being viewed as significant for Pakistan’s economic outlook.
Progress on 10-Year Country Partnership Framework
A key focus of the visit is the 10-year Country Partnership Framework between Pakistan and the World Bank. Under this framework, the World Bank has committed to providing $20 billion to Pakistan by 2035. The funding aims to support sustainable growth and inclusive development.
Sources indicated that progress is expected on the implementation of this long-term plan. The framework covers areas such as economic resilience, climate adaptation, social protection, and infrastructure development.
Officials said the partnership aligns with Pakistan’s national development goals. The World Bank’s support is expected to help strengthen institutions and improve governance. The visit signals continued international confidence in Pakistan’s reform efforts.
In December last year, the World Bank approved $700 million in financing under the Pakistan Public Resources for Inclusive Development – Multiphase Programmatic Approach. This initiative plays a central role in the broader partnership framework.
PRID-MPA and Support for Fiscal Stability
The Pakistan Public Resources for Inclusive Development program, known as PRID-MPA, is a multi-year and multi-phase initiative. It is designed to support macroeconomic stability and improve public service delivery across the country.
According to the World Bank, PRID-MPA supports reforms at both federal and provincial levels. The program focuses on mobilizing domestic revenue and improving public spending quality. It also promotes the use of data and digital tools to enhance service delivery.
The initiative aligns with Pakistan’s commitments under the IMF Extended Fund Facility. It also supports the National Fiscal Pact. The aim is to strengthen fiscal discipline and improve transparency in public finances.
Over multiple phases, PRID-MPA is expected to provide up to $1.35 billion in financing. Officials say this support will help Pakistan manage economic pressures while protecting social spending.
Ajay Banga’s visit is seen as a step toward deeper engagement between Pakistan and the World Bank. Analysts believe the discussions could pave the way for faster implementation of reforms. The visit highlights the importance of international partnerships in addressing Pakistan’s economic challenges.
