The World Bank backs Pakistan’s $700m financing package to drive economic reforms

The World Bank has approved $700 million in new financing to support Pakistan’s efforts to stabilise its economy and strengthen public service delivery, marking a significant boost to the country’s reform agenda.

The funding will be channelled through the Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), a nationwide initiative designed to back fiscal and institutional reforms at both federal and provincial levels. The programme focuses on improving domestic revenue mobilisation and ensuring public funds are used more efficiently and transparently. Overall, the PRID-MPA framework allows for total financing of up to $1.35 billion over multiple phases.

Under the newly approved package, $600 million will support federal-level reforms, while $100 million is earmarked for initiatives in Sindh province, targeting improvements in revenue systems and public service delivery.

Bolormaa Amgaabazar, the World Bank’s country director for Pakistan, said sustainable and inclusive growth depends on Pakistan’s ability to generate more domestic resources and manage them effectively. She stressed that stronger fiscal governance is essential to delivering tangible benefits for citizens and building long-term economic resilience.

Copied