World Bank President Ajay Banga has arrived in Pakistan to strengthen the 10-year Country Partnership Framework, under which the World Bank plans to provide $20 billion to Pakistan by 2035. During his visit, which continues until February 4, President Banga will meet senior government officials, including the Prime Minister, Deputy Prime Minister, Finance Minister, and other key authorities, to discuss economic reforms, water disputes, and development priorities.
The visit will also focus on advancing the Pakistan Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), a multi-year initiative approved last December with $700 million in financing. PRID-MPA aims to support macroeconomic stability, improve public service delivery, and enhance federal and provincial reforms to mobilize domestic revenue, optimize public spending, and leverage data and digital tools. The program is aligned with the IMF Extended Fund Facility and the National Fiscal Pact, and is expected to provide up to $1.35 billion in total funding over multiple phases, supporting Pakistan’s ongoing economic and fiscal reforms.
