Islamabad: Pakistan is expected to receive up to $40 billion in loans over the next 10 years, with $20 billion to be provided by the World Bank and the remaining $20 billion through its two subsidiary institutions.
According to a report by Express News, sources confirmed that the World Bank has agreed to provide $20 billion in loans to Pakistan over the next decade, with approval from the World Bank’s Board of Directors expected later this month.
Following the approval, World Bank Vice President Martin Raiser is also anticipated to visit Islamabad.
The loan will be granted under the “Country Partnership Framework 2025-2035,” which outlines 10-year targets and aims to focus on improving the most neglected sectors of the economy. The projects funded under this loan will be safeguarded from political changes, sources revealed.
Additionally, the two World Bank subsidiaries will assist in securing another $20 billion in private loans, bringing the total package to $40 billion.
