News: India and the World Bank Group announced a new Country Partnership Framework to support India’s next phase of growth aligned with Viksit Bharat.
About New Country Partnership Framework (NCPF)
- The New Country Partnership Framework is a strategic partnership between India and the World Bank Group for the period 2026–2031.
- Key aspects of NCPF
- Growth and vision alignment: The framework aims to accelerate India’s growth while supporting the national vision of Viksit Bharat.
- Financing support: It provides annual financing of $8–10 billion over five years using the World Bank Group’s full range of instruments and expertise.
- Global jobs strategy: It applies the World Bank Group’s global jobs strategy based on physical and human infrastructure, regulatory certainty, and risk-management tools.
- Priority sectors: The framework focuses on infrastructure and energy, agribusiness, healthcare, tourism, and value-added manufacturing to generate jobs at scale.
- Private sector-led jobs: It prioritises job creation by upgrading skills, reducing barriers for small and medium enterprises, and expanding opportunities for youth and women.
- Strategic outcomes: It targets rural prosperity and resilience, urban transformation, investment in people, and strengthening energy security, core infrastructure, and climate resilience.
