{"id":22638,"date":"2025-01-24T09:01:17","date_gmt":"2025-01-24T09:01:17","guid":{"rendered":"https:\/\/voiceofmelange.global\/?p=22638"},"modified":"2025-01-24T09:01:18","modified_gmt":"2025-01-24T09:01:18","slug":"cpf-designed-to-be-a-comprehensive-roadmap-for-pakistans-growth-cheema","status":"publish","type":"post","link":"https:\/\/voiceofmelange.global\/?p=22638","title":{"rendered":"CPF designed to be a comprehensive roadmap for Pakistan’s growth, Cheema"},"content":{"rendered":"\n
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Minister Cheema and WB VP Raiser Commit to Successful Implementation of CPF and discussed IDA-21 Opportunity as well<\/p>\n\n\n\n

Islamabad : In the wake of the successful launch of Pakistan\u2019s new Country Partnership Framework (CPF) for FY26-35, a pivotal meeting was held between Mr. Ahad Cheema, the Minister for Economic Affairs of Pakistan, and Mr. Martin Raiser, the World Bank Vice President for South Asia. The meeting provided an opportunity for both leaders to discuss in detail the framework’s next steps, its implementation, and the critical role of collaboration in achieving Pakistan\u2019s long-term development objectives.<\/p>\n\n\n\n

Mr. Cheema reiterated that the new CPF, with an unprecedented US$ 20 billion commitment over the next decade, is not only a reflection of the strong partnership between Pakistan and the World Bank but also a critical tool in addressing the country\u2019s pressing economic challenges. With a focus on six transformative outcomes\u2014improving education quality, tackling child stunting, boosting climate resilience, enhancing energy efficiency, fostering inclusive development, and increasing private investment\u2014the CPF is designed to be a comprehensive roadmap for Pakistan’s growth.<\/p>\n\n\n\n

During the meeting, Mr. Cheema emphasized the importance of swift and effective execution, stressing that the partnership between Pakistan and the World Bank must be backed by concrete actions. He discussed the government\u2019s vision for the implementation of the CPF, which is aligned with Pakistan\u2019s broader economic strategy, including the “Uraan Pakistan: Homegrown National Economic Transformation Plan.”<\/p>\n\n\n\n

Mr. Raiser, in his remarks, highlighted the World Bank\u2019s continued commitment to supporting Pakistan\u2019s development agenda. He expressed his confidence in the CPF\u2019s ability to bring about lasting improvements and assured Mr. Cheema that the World Bank is ready to provide the necessary technical, financial, and advisory support to ensure the success of the framework. Mr. Raiser also emphasized the importance of monitoring and adapting the framework\u2019s progress to meet emerging challenges and opportunities.<\/p>\n\n\n\n

The two leaders also discussed the need to address key challenges in project implementation, such as land acquisition, project start-up delays, and ensuring compliance with social safeguards. Mr. Cheema stressed that effective coordination between the World Bank and other development partners, as well as streamlined approval processes, would be essential to overcoming these hurdles.<\/p>\n\n\n\n

Mr. Cheema further called on the World Bank to enhance Pakistan\u2019s allocation of concessional resources under the IDA-21 framework, especially in support of climate change mitigation and foreign debt management. Both leaders agreed that ensuring timely and efficient deployment of resources is critical to achieving the CPF\u2019s objectives.<\/p>\n\n\n\n

Mr. Raiser commended the leadership and dedication of Mr. Cheema, as well as the entire Pakistani economic team, for their proactive efforts in shaping the CPF and driving the country\u2019s development agenda. He noted that the success of the CPF would not only benefit Pakistan but could also set a positive example for other countries in the region.<\/p>\n\n\n\n

As both sides look ahead, they expressed their shared commitment to strengthening the partnership further and ensuring that the CPF achieves tangible results for Pakistan\u2019s growth and prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Minister Cheema and WB VP Raiser Commit to Successful Implementation of CPF and discussed IDA-21 Opportunity as well Islamabad : In the wake of the successful launch of Pakistan\u2019s new… <\/p>\n","protected":false},"author":4,"featured_media":22639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,2,5],"tags":[761,1170],"class_list":["post-22638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-economy","category-national","tag-economic-affairs-division","tag-world-bank-pakistan"],"_links":{"self":[{"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/posts\/22638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22638"}],"version-history":[{"count":1,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/posts\/22638\/revisions"}],"predecessor-version":[{"id":22640,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/posts\/22638\/revisions\/22640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=\/wp\/v2\/media\/22639"}],"wp:attachment":[{"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/voiceofmelange.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}