Saturday, July 12, 2025

Pakistan, World Bank will work closely to operationalize CPF

Finance Minister Meets World Bank Delegation Led by Ms. Anna Bjerde

Islamabad :  A high-level meeting was held today at the Finance Division between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and a senior World Bank delegation led by Ms. Anna Bjerde, Managing Director for Operations at the World Bank.

The meeting focused on strengthening bilateral cooperation, reviewing the World Bank’s financing portfolio, and accelerating the implementation of the newly launched 10-year Country Partnership Framework (CPF).

Key discussions revolved around priority areas identified under the CPF, with a particular focus on climate resilience and population management—two of the six foundational pillars of the framework. Both parties recognized the CPF as a critical tool for advancing sustainable development and achieving long-term economic stability in Pakistan.

Ms. Anna Bjerde commended the Government of Pakistan for its continued commitment to difficult but essential reforms, praising its dedication to sustaining reform momentum in challenging circumstances. She also lauded Pakistan’s political and economic leadership for its proactive stance on climate action and efforts to align economic growth with environmental sustainability.

Minister Aurangzeb reaffirmed the Government of Pakistan’s strong commitment to the CPF, stating, “We are focused on ensuring that climate resilience and sustainable development remain at the heart of our economic planning. The CPF represents an important opportunity, and we aim to implement it with full coordination across key ministries and stakeholders.”

He added that the Ministry of Finance, Ministry of Climate Change, and other relevant bodies are working collaboratively to establish a robust implementation framework. He requested the World Bank to provide technical leadership and assistance to streamline processes and ensure a prioritized and focused rollout of the CPF.

In response, Ms. Bjerde assured the World Bank’s full support for Pakistan in achieving the objectives of the CPF. She expressed the Bank’s willingness to deepen its engagement across key reform areas including taxation, energy, and social protection. She emphasized particular support for initiatives aimed at girls’ education and women empowerment, which she noted are critical to strengthening Pakistan’s human capital and economic resilience.

The meeting concluded with a mutual commitment to work closely in the coming months to operationalize the CPF and build a stronger, more resilient partnership for Pakistan’s sustainable development.

Field Correspondent Sohail Majeed
+ posts

Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.

Hot this week

Uraan Pakistan’ drives green buses, mangrove revival, and resilient healthcare, FM

Climate-Smart, Health-Responsive Infrastructure Now a National Priority Islamabad: Federal Minister...

Urgent need for industrial policy to boost sector performance, Haroon

Belgian-British economist and Haroon Akhtar khan Highlight Urgent Industrial...

BCCI agrees to add Pakistan’s name on their jersey

India has confirmed its compliance with the International Cricket...

Experts urge integrating the climate-nutrition link into Pakistan’s NDCs and policies

Agriculture both contributes to and is impacted by climate...

The Everlasting Appeal of TV Shows: Why We Keep Watching

TV shows have been a cornerstone of entertainment for...

Pakistan aims to become a regional hub for digital trade, Rana Ihsaan

TDAP and Ministry of Commerce successfully hosted the inaugural...

Uzbekistan targets $2B trade with Pakistan, Ambassador Alisher

Federal Minister Ali Pervaiz Malik Advances Strategic Energy Dialogue...

Pak-Vietnam open new trade era, plan strategic economic partnership

Pakistan and Vietnam Reinforce Economic Ties During High-Level Ministerial...

PSQCA urges timely action for better services and outcomes, Magsi

The 35th PSQCA Board Meeting; Major Reforms Approved to...

Pak-Russia ink protocol to revive Pakistan Steel Mills

Moscow : Pakistan and Russia have signed a Protocol...

Senate Committee finds efforts insufficient for national goals

Senate Panel Sounds Alarm Over Dysfunctional Science & Technology...

Only 7% of industries address vulnerabilities proactively, Kaspersky study

Islamabad : According to a latest study conducted by...

Dubai Islamic Bank teams up with JazzCash to boost digital finance

Islamabad : Dubai Islamic Bank Pakistan Limited (DIBPL), has...

Related Articles

Popular Categories