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.

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's $20 billion package for Pakistan will support a 10-year programme focusing on areas such as child stunting, learning poverty, and climate resilience. This initiative aims to ensure stability in development projects despite political changes.

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 USD 20 billion indicative lending package for Pakistan – a pioneering 10-year initiative to protect its funded projects from political transitions and focus on six targeted areas,

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.