Prime Minister Shehbaz Sharif on Wednesday appreciated the World Bank’s unprecedented commitment of $40 billion to Pakistan under the new Country Partnership Framework (2026–2035), and reaffirmed his government’s resolve to ensure its effective implementation in close coordination with provincial governments.

In a meeting with the President of the World Bank Group (WBG), Ajay Banga, the prime minister shared the government’s comprehensive reform agenda, which includes resource mobilisation, energy sector reforms, privatisation and measures to strengthen climate resilience.

The meeting was held on the sidelines of the 80th session of the United Nations General Assembly in New York.

The prime minister reiterated that the reform agenda has helped steer Pakistan towards macroeconomic stabilisation, restored investor confidence, and promote sustainable and inclusive economic growth.

He praised Ajay Banga’s leadership in transforming the World Bank into a faster, more efficient and more impactful development partner, with a renewed focus on simplifying operations and mobilising private sector resources.

He also acknowledged the bank’s long-standing support for Pakistan, particularly during the Covid-19 pandemic and the devastating 2022 floods.

The World Bank president appreciated Pakistan’s ongoing reform efforts and reaffirmed the bank’s commitment to supporting Pakistan’s development agenda.

He emphasised the bank’s readiness to continue supporting economic reforms and long-term initiatives on climate resilience under the new CPF.

Both sides reiterated their resolve to further strengthen cooperation under the Country Partnership Framework to advance Pakistan’s development priorities.