Pakistan's prime minister on Wednesday welcomed a first-of-its-kind agreement with the World Bank for a plan to focus $20 billion in lending to the cash-strapped nation over the coming decade on development issues like the impact of climate change as well as boosting private-sector growth.

The World Bank has pledged to provide $20 billion to Pakistan under the 10-year country partnership framework (CPF) to support inclusive and sustainable development within the country, an official statement said.

Pakistan's Prime Minister announced a $20 billion partnership with the World Bank, targeting economic development amid climate challenges. The framework aims at clean energy, climate resilience, and private sector growth.

The World Bank is set to approve a $20 billion lending package for Pakistan, reports said. The initiative, called "Pakistan Country Partnership Framework 2025-35," is a historic 10-year plan aimed at protecting funded projects from political changes.

Islamabad: The World Bank is preparing to open its treasury for Pakistan. The World Bank is in the process of approving an indicative USD 20 billion loan package for Pakistan. It is a pioneering 10-year initiative that will protect World Bank-funded projects from political changes and focus on six target areas.

The deal, which begins in 2026 under its Country Partnership Framework, is to help address the impoverished country's acute development challenges

The World Bank has announced it will supply $20 billion to Pakistan over the next decade to help the country tackle climate change and development challenges that hinder growth, aiming for inclusive and sustainable development.