World Bank Approves $700M for Pakistan's Stability & Service Delivery

• The World Bank approved $700 million in financing for Pakistan to support macroeconomic stability and service delivery.
• Funds are part of the Public Resources for Inclusive Development — Multiphase Programmatic Approach (PRID-MPA), potentially totaling $1.35 billion.
• Of the $700 million, $600 million is for federal programs and $100 million for a provincial program in Sindh.
• The initiative aims to mobilize domestic resources, ensure efficient use, improve tax systems, and strengthen data for decision-making.
• Reforms will focus on expanding fiscal space, bolstering human capital and climate resilience, and strengthening revenue administration and budget execution.

Why It Matters: World Bank's $700M aid aims to stabilize Pakistan's economy and improve public services through key reforms.