Pakistan, World Bank align on reforms, climate resilience and growth agenda

ISLAMABAD: Federal Minister for Economic Affairs Ahad Cheema held a meeting with Country Director for the World Bank in Pakistan, Bolormaa Amgaabazar to review ongoing cooperation and discuss priorities under the Country Partnership Framework (CPF), according to an official statement.

During the meeting, both sides exchanged views on the implementation of the CPF and progress towards its development goals. Cheema said that both federal and provincial governments were fully on board to ensure effective execution of the framework and timely achievement of its targets.

The World Bank country director appreciated the government’s efforts to stabilise the economy and acknowledged ongoing reforms aimed at strengthening institutional capacity. Cheema reiterated the government’s commitment to maintaining policy continuity and pushing forward with structural reforms.

The discussion also covered social sector priorities, particularly programmes focused on addressing child malnutrition. Officials highlighted the importance of scaling up such initiatives to improve long-term human development outcomes.

Climate resilience remained a key focus of the talks. Cheema noted that Pakistan, with World Bank support, is continuing efforts to mitigate the impact of floods and other climate-related risks. He added that the government is also working towards transitioning to a cleaner and more sustainable energy system.

Both sides also discussed measures to boost private sector productivity and encourage inclusive investment, seen as critical for sustained economic growth.

Cheema expressed appreciation for the World Bank Group’s continued support, calling it vital for Pakistan’s development agenda. He reaffirmed that the government remains committed to consistent policies and the effective implementation of reforms.

Amgaabazar said the World Bank would continue to support Pakistan in achieving its long-term development objectives, underscoring the institution’s ongoing partnership with the country.