Pakistan welcomes World Bank's $20 billion lending pledge

FILE - A volunteer serves food to people in need along a street in Karachi, Pakistan, on Jan. 10, 2022. Pakistan announced on Jan. 15, 2025, that the World Bank has agreed to lend $20 billion to the cash-strapped nation over 10 years.

Pakistan confirmed on Wednesday that the World Bank has pledged to lend $20 billion over the next decade, commencing in 2026 under its Country Partnership Framework, to help address the impoverished country's acute development challenges.