World Bank approves $47.9 million grant to boost education in Pakistan’s Punjab province

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. (Reuters/File)
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Updated 25 August 2025
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World Bank approves $47.9 million grant to boost education in Pakistan’s Punjab province

  • Project to expand early childhood education, re-enroll out-of-school children
  • Over four million children and 100,000 teachers expected to benefit

ISLAMABAD: The World Bank said on Monday it had approved a $47.9 million grant to support education reforms in Pakistan’s Punjab province, aiming to expand access to schooling, strengthen teacher training, and improve learning outcomes for millions of children.

The funds, provided through the Global Partnership for Education Fund, will finance the Getting Results: Access and Delivery of Quality Education Services and System Transformation in Punjab Project. The initiative will expand early childhood education, re-enroll out-of-school children, provide remedial learning at the elementary level, and strengthen the sector’s ability to respond to climate shocks and emergencies.

The announcement comes as Pakistan continues to grapple with a severe education crisis. According to UNICEF and government estimates, about 26 million children remain out of school nationwide, the majority of them girls. Punjab, the country’s most populous province, has made progress in expanding access but still struggles with gaps in quality, inclusivity, and resilience to climate-related disruptions such as floods.

“This project represents a crucial step toward addressing learning poverty and ensuring equitable access to quality education across Punjab,” said Bolormaa Amgaabazar, World Bank Country Director for Pakistan.

The project aims to directly benefit more than 4 million children, including 80,000 out-of-school children, three million enrolled in provincial schools, about 850,000 in the non-formal sector, and 140,000 differently abled children in special education institutions. More than 100,000 teachers and school leaders will also receive professional development, while parents and communities will be engaged through awareness campaigns.

According to the World Bank, the program is designed to strengthen foundational learning, build system capacity, and promote behavioral change to support long-term human capital development.

“The project is aligned with the Government of Punjab’s broader education reform agenda, which seeks to create a more effective, accountable, and inclusive education system,” said Izza Farrakh, World Bank Task Team Leader for the project. “It will do so by supporting the government’s efforts to improve governance, management, and capacity in the education sector.”

Since joining the World Bank in 1950, Pakistan has received more than $48 billion in assistance. The Bank’s current portfolio in the country includes 54 projects with commitments totaling $15.7 billion. The International Finance Corporation (IFC), the Bank’s private sector arm, has invested about $13 billion in Pakistan since 1956, supporting projects in renewable energy, financial inclusion, infrastructure, health care, and trade.


IMF board to approve Pakistan reviews today ‘if all goes well,’ say officials

Updated 08 December 2025
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IMF board to approve Pakistan reviews today ‘if all goes well,’ say officials

  • IMF’s executive board is scheduled to meet today to discuss the disbursement of $1.2 billion
  • Economists say the money will boost Pakistan’s forex reserves, send positive signals to investors

KARACHI: The International Monetary Fund’s (IMF) executive board is scheduled to meet today, Monday, to approve the release of about $1.2 billion for Pakistan under the lender’s two loan facilities, said IMF officials who requested not to be named.

The IMF officials confirmed the executive board was going to decide on the Fund’s second review under the $7 billion Extended Fund Facility (EFF) and first review under the $1.4 billion Resilience and Sustainability Facility (RSF), a financing tool that provides long-term, low-cost loans to help countries address climate risks.

“The board meeting will be taking place as planned,” an IMF official told Arab News.

“The board is on today yes as per the calendar,” said another.

A well-placed official at Pakistan’s finance ministry also confirmed the board meeting was scheduled today to discuss the next tranche for Pakistan.

The IMF executive board’s meeting comes nearly two months after a staff-level agreement (SLA) was signed between the two sides in October.

Procedurally, the SLAs are subject to approval by the executive board, though it is largely viewed as a formality.

“If all goes well, the reviews should pass,” said the second IMF official.

On approval, Pakistan will have access to about $1 billion under the EFF and about $200 million under the RSF, the IMF said in a statement in October after the SLA.

The fresh transfer will bring total disbursements under the two arrangements to about $3.3 billion, it added.

Experts see smooth sailing for Pakistan in terms of the passing of the two reviews, saying the IMF disbursements will help the cash-strapped nation to strengthen its balance of payments position.

Samiullah Tariq, group head of research at Pakistan Kuwait Investment Company Limited, said the IMF board’s approval will show that Pakistan’s economy is on the right path.

“It obviously will help strengthen [the country’s] external sector, the balance of payments,” he told Arab News.

Until recently, Pakistan grappled with a macroeconomic crisis that drained its financial resources and triggered a balance of payments crisis.

Pakistan has reported financial gains since 2022, recording current account surpluses and taming inflation that touched unprecedented levels in mid-2023.

Economists also viewed the IMF’s bailout packages as crucial for cash-strapped Pakistan, which has relied heavily on financing from bilateral partners such as Saudi Arabia, China and the United Arab Emirates, as well as multilateral lenders.

Saudi Arabia, through the Saudi Fund for Development, last week extended the term of its $3 billion deposit for another year to help Pakistan boost its foreign exchange reserves, which stood at $14.5 billion as of November 28, according to State Bank of Pakistan statements.

“In our view this [IMF tranche] will be approved,” said Shankar Talreja, head of research at Karachi-based brokerage Topline Securities Limited.

“This will help strengthen reserves and will eventually help a rating upgrade going forward,” he said.

The IMF board’s nod, Talreja said, would also send a signal to the international and local investors regarding the continuation of the reform agenda by Pakistan’s government.