Islamabad (TDI): The World Bank has pledged to provide $40 billion to Pakistan under the 10-year Country Partnership Framework (CPF).
Out of the total $40 billion, $20 billion would be provided through International Development Association and International Bank for Reconstruction and Development, according to media reports.
The CPF will focus on 6 key development areas, including reducing child stunting, mitigating climate change, providing clean water, improving learning outcomes, promoting public resources and private investment for comprehensive development.
The International Finance Corporation will also provide funding of $20 billion to support the CPF.
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Specific goals include increasing tax revenue to over 15 percent of GDP, adding ten Gigawatts of renewable energy capacity, providing quality education to twelve million students, and delivering healthcare services to fifty million people.
The framework also aims to provide safe drinking water and sanitation facilities to sixty million people, enhance food security for thirty million individuals, and increase access to family planning services for thirty million women.
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Moreover, the CPF includes objectives to address flood and disaster risks, benefiting seventy-five million people.