Publication: Pakistan - Country Partnership Framework for the Period FY26 Up to FY35
Loading...
Date
2025-01-15
ISSN
Published
2025-01-15
Author(s)
Editor(s)
Abstract
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.
Link to Data Set
Citation
“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.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Romania - Country Partnership Framework for the Period FY25 - FY29(Washington, DC: World Bank, 2024-12-20)As the World Bank Group (WBG) is evolving, it remains a strategic partner for Romania in helping accelerate the pace and impact of the country’s national development efforts while pursuing opportunities to contribute to the global development agenda. The Romania Country Partnership Framework (CPF) for FY25-29 aims to maximize these opportunities. The CPF (i) supports Romania in closing selected development gaps and disparities and strengthening institutions; (ii) enables the WBG to innovate and co-create solutions that employ instruments of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) for a sophisticated high-income country (HIC) client that will generate globally replicable knowledge to help tackle national, regional, and worldwide global challenges; and (iii) leverages partnerships and operationalizes the One WBG Approach to amplify results. The CPF’s overarching goal is to promote prosperity and address inequalities in a livable Romania. The program prioritizes three high-level outcomes (HLOs): (i) improved human capital outcomes; (ii) better jobs in a more competitive economy through unlocking private investment; and (iii) increased resilience and an accelerated green transition. The CPF maintains a transversal focus on enhancing institutions to serve all people and businesses.Publication Armenia - Country Partnership Framework for the Period FY25-FY29(Washington, DC: World Bank, 2025-02-04)Armenia, a landlocked country in the South Caucasus with a population of three million, has registered important achievements over the past two decades. Between 2000–2023, Armenia achieved robust economic growth averaging 6.3 percent, above the average for Europe and Central Asia (excluding high-income countries). Growth has been accompanied by a structural transformation of the economy with a gradual shift from low-productivity agriculture toward industry and services (especially, tourism and Information and Communication Technology (ICT)). The country has achieved near eradication of extreme poverty and has registered important improvements in life expectancy, survival rates, school enrollment rates and other welfare measures, although the incidence of poverty remains high, considering Armenia’s income level, particularly in the rural areas. Armenia has a record of sound macroeconomic management and a stable financial sector. All these factors enabled Armenia to graduate from the International Development Association (IDA) in 2014 and be an upper middle-income country (UMIC) since 2019. Armenia became an IDA donor in 2023 and its Gross National Income per capita stands at US$7,330 in 2023. To build on these achievements, stem outward migration, and avoid the middle-income trap, Armenia will have to transition towards a growth model with a greater focus on job creation and resilience. 1Publication Bulgaria - Country Partnership Framework for the Period FY25-FY29(Washington, DC: World Bank, 2025-01-17)Bulgaria has undergone a remarkable transformation over the past three decades. Despite this transformation and although European Union (EU) membership in 2007 raised expectations of living standards rapidly converging to EU levels, progress on a range of development challenges has been uneven. Bulgaria remains the most unequal country in the EU, with spatial disparities visible across a range of outcomes and inequality of opportunity reducing human capital potential. Economic productivity and social inclusion are hampered by skill shortage and institutional and governance weaknesses. The Country Partnership Framework (CPF) FY25-29 sets a new direction for World Bank Group (WBG) engagement in Bulgaria through a sharpened focus on climate and digital development, while maintaining the emphasis of the previous CPF on institutions and people for enhanced competitiveness and inclusion. It responds to the country’s evolving development opportunities and challenges while building on achievements and lessons from the previous CPF. This CPF is selective and prioritizes two high-level outcomes (HLOs): (i) enhanced competitiveness and social inclusion; and (ii) a low-carbon and more sustainable economy. This CPF employs a knowledge-based approach yet provides Bulgaria with access to the full range of WBG instruments, including financing. The CPF builds on lessons from the previous CPF FY17-22 and the FY23 and FY24 implementation years.Publication Country Partnership Framework for the Repbulic of El Salvador for the Period FY2016-FY2019(World Bank, Washington, DC, 2015-05-26)El Salvador is the smallest country in Central America, and one of the most densely populated in the world. El Salvador is among the countries most affected by weather-related events and other hazards, incurring annual losses of around 2.5 percent of GDP. Worldwide, it ranks second highest for risk exposure to two or more hazards and highest for the total population at a relatively high risk of mortality. Furthermore, climate change is expected to increase the frequency and severity of weather, related events. The new Administration is committed to making El Salvador more ‘productive, educated, and safe’ by promoting inclusive growth and resilience. The World Bank Group’s (WBG) proposed new CPF intends to promote inclusive growth and to foster resilience, with a focus on policy levers that could contribute to break the vicious circles in a sustainable manner. The proposed CPF is aligned with the Government’s priorities and informed by the WBG’s recent SCD. To strengthen the mutually-reinforcing foundations of inclusive growth, the proposed WBG engagement would support objectives which seek to: (i) build capacity to create safer communities for economic development; (ii) improve secondary-school attainment; (iii) enhance youth employability and skills; and (iv) increase access to finance. To foster sustainability and resilience, the proposed CPF seeks to: (v) promote the efficiency of public spending; and (vi) build capacity to manage disasters and environmental challenges. Taking into account the challenges faced by El Salvador, the WBG wishes to provide a modest but catalytic role through the implementation of these six objectives.Publication Country Partnership Framework for Montenegro for the Period FY16-FY20(World Bank, Washington, DC, 2016-05-24)The Country Partnership Framework (CPF) for Montene gro covers the period from July 1, 2015 to June 30, 2020 (fiscal years 2016-2020). This CPF builds on the results and lessons of the previous World Bank Group (WBG) Country Partnership Strategy (CPS), which originally covered the period July 1, 2011 to June 30, 2014, and was subsequently extended to June 30, 2015.The one-year CPS) extension was intended to provide greater clarity on the country’s medium-term macro-fiscal framework as a basis for the new CPF, and to give additional time to make progress on improving environmental management, a key pillar of the CPS. The new CPF seeks to address the top priorities identified by the recently completed Systematic Country Diagnostic (SCD) as those that Montenegro needs to most urgently tackle to advance in its path towards shared prosperity and sustainable development. The CPF will selectively support Montenegro’s development agenda outlined in the Montenegro Development Directions (MDD) 2015-2018, Economic Reform program (ERP) 2015-2017 and the Montenegro European Union (EU) Accession Program 2014-17. The WBG strategy will continue to support, and be aligned with, Montenegro’s EU accession and integration process. The formulation of the new CPF benefitted from extensive consultations held in October 2015 and in January and March 2016, and involving several line ministries, municipalities, civil society, academia, and private sector across various regions of the country, as well as representatives of the international development community. The resulting proposal for engagement under the FY16-20 CPF reflects a broad consensus of a wide range of stakeholders and a shared understanding of development priorities and challenges facing the country.
Users also downloaded
Showing related downloaded files
Publication World Bank Annual Report 2024(Washington, DC: World Bank, 2024-10-25)This annual report, which covers the period from July 1, 2023, to June 30, 2024, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication Global Economic Prospects, January 2025(Washington, DC: World Bank, 2025-01-16)Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.Publication Women, Business and the Law 2024(Washington, DC: World Bank, 2024-03-04)Women, Business and the Law 2024 is the 10th in a series of annual studies measuring the enabling conditions that affect women’s economic opportunity in 190 economies. To present a more complete picture of the global environment that enables women’s socioeconomic participation, this year Women, Business and the Law introduces two new indicators—Safety and Childcare—and presents findings on the implementation gap between laws (de jure) and how they function in practice (de facto). This study presents three indexes: (1) legal frameworks, (2) supportive frameworks (policies, institutions, services, data, budget, and access to justice), and (3) expert opinions on women’s rights in practice in the areas measured. The study’s 10 indicators—Safety, Mobility, Workplace, Pay, Marriage, Parenthood, Childcare, Entrepreneurship, Assets, and Pension—are structured around the different stages of a woman’s working life. Findings from this new research can inform policy discussions to ensure women’s full and equal participation in the economy. The indicators build evidence of the critical relationship between legal gender equality and women’s employment and entrepreneurship. Data in Women, Business and the Law 2024 are current as of October 1, 2023.Publication Poverty and Equity Assessment for El Salvador 2024(Washington, DC: World Bank, 2024-12-12)This report proposes an agenda for building on gains to re-accelerate poverty reduction among Salvadorans. The last World Bank Poverty Assessment for El Salvador, from 2015, proposed two key policy recommendations: (a) effective pro-poor spending and (b) reduction of crime and violence through better access to jobs and education. Nine years later, the authorities have managed to achieve a substantial reduction in crime and violence and have indicated an intent to build on such progress to establish a path toward an El Salvador where shared prosperity is achievable. In this report, we propose a three pillar structure to address poverty and inequality reduction: jobs, services, and social protection, with a cross-cutting set of primary conditions that articulates this structure.