By Amir Muhammad Khan
RIYADH: The World Bank has reaffirmed its commitment to supporting Pakistan’s ten-year development program, valued at $20 billion, during a high-level meeting in Saudi Arabia.
Managing Director of the World Bank Group, Anna Bjerde, met with Pakistan’s Finance Minister, Muhammad Aurangzeb, on the sidelines of the Annual AlUla Conference for Emerging Market Economies to review progress and discuss ways to strengthen development cooperation.
The discussions focused on Pakistan’s Country Partnership Framework and covered key sectors including energy, education, health, climate resilience, fiscal reforms, debt-for-development swaps, and infrastructure. Both sides emphasized the need for a more targeted approach, incorporating clear performance trackers and stronger implementation mechanisms.
Bjerde expressed confidence in Pakistan’s development agenda, stressing that consistent monitoring and effective governance would be critical to the success of long-term programs. Finance Minister Aurangzeb reiterated the government’s commitment to working closely with the World Bank Group, assuring full cooperation from all relevant federal ministries.
The meeting underscored a shared resolve to maintain momentum on Pakistan’s development priorities, with both parties highlighting the importance of measurable results and strategic oversight. Officials noted that the partnership aims to not only address immediate infrastructure and social needs but also to build resilience and sustainable growth in line with Pakistan’s long-term economic objectives.
Observers described the reaffirmation as a significant signal of international confidence in Pakistan’s reform and development agenda, signaling continued engagement and support from global financial institutions despite broader economic challenges.
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