Publication: Pakistan - Country Partnership Framework for the Period FY26 Up to FY35
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2025-01-15
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2025-01-15
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After decades of volatile low growth and low investment, Pakistan has fallen behind its peers in key metrics of development. It now has an opportunity to durably take another course. The economy is recovering from the recent crisis as the government has launched an ambitious program of fiscal, energy, and business environment reforms that have the potential to sustain a growth acceleration - but past failures have led to a credibility gap that may mute the economic response. These reforms can lead to a durable recovery made of stronger investment, productivity, and growth if they are duly implemented and sustained. The country partnership framework (CPF) will run up to 10 years - with a Performance and Learning Review (PLR) in FY30 - and is anchored around six outcomes focused on Pakistan’s most critical development needs. This approach is a shift from the past, as it aims to focus less on short-term adjustment programs and on often small investments in scattered sectors, to more selective, stable, and larger investments in areas critical for sustained development and that require time and persistence for impact. This should also help shield the program from a volatile polity and a track record of frequent changes in priorities and short-lived initiatives while facilitating alignment with other development partners.
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“World Bank. 2025. Pakistan - Country Partnership Framework for the Period FY26 Up to FY35. © World Bank. http://hdl.handle.net/10986/42688 License: CC BY-NC 3.0 IGO.”
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