The World Bank plans to loan cash-strapped Pakistan $20 billion over the coming decade to nurture its private sector and bolster resilience to climate change, Prime Minister Shehbaz Sharif said.

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 has welcomed the first-of-its-kind agreement with the World Bank under which his country will receive $20 billion in the next decade to invest in renewable energy, education,

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 will supply Pakistan with $20 billion of loans over the next decade which are expected to be invested in nutrition, education and renewable energies in the hope of stimulating private-sector growth.

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 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.