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,

The World Bank has pledged to provide $40 billion to Pakistan under the 10-year Country Partnership Framework (CPF), according to sources in Ministry of Economic Affairs. Interestingly, Shahbaz Rana, an economic correspondent at The Express Tribune, broke the news on January 4 while citing a key Pakistani official.

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.