World Bank Launches Program To Support Reforms In Pakistan

Islamabad, Pakistan – The World Bank launched a new program on September 22, 2023, to support reforms in Pakistan. The program, called “Reforms for a Brighter Future,” is aimed at helping Pakistan achieve sustainable and inclusive economic growth.

The program will focus on eight key areas:

Strengthening government revenues
Rationalizing public expenditures
Transforming the private sector
Unleashing the agri-food sector
Achieving sustainable energy
Accelerating progress on child stunting
Improving learning outcomes
Promoting gender equality and women’s empowerment

The World Bank will work with the Government of Pakistan, civil society, and the private sector to implement the program. The program is expected to last for five years and will be funded by a combination of World Bank loans and grants.

At the launch of the program, World Bank Country Director for Pakistan Najy Benhassine said, “Pakistan is at a critical juncture in its development. The country has the potential to achieve rapid and sustainable economic growth, but this will require bold reforms. The Reforms for a Brighter Future program is designed to support Pakistan in implementing these reforms and creating a better future for all Pakistanis.”

The launch of the program was welcomed by the Government of Pakistan. Finance Minister Ishaq Dar said, “The Government of Pakistan is committed to implementing reforms that will lead to sustainable and inclusive economic growth. We are grateful for the World Bank’s support through the Reforms for a Brighter Future program.”

The Reforms for a Brighter Future program is a significant development for Pakistan. The program has the potential to help Pakistan achieve its economic and social development goals. The success of the program will depend on the commitment of the Government of Pakistan, civil society, and the private sector to implement the reforms.