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 deal, which begins in 2026 under its Country Partnership Framework, is to help address the impoverished country's acute development challenges

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.