Chief Minister Syed Murad Ali Shah’s announcement of a partnership with the World Bank to reshape Sindh’s reform and recovery agenda is, on the face of it, a welcome development. The proposed initiative promises in-depth analysis across multiple areas of municipal management and urban development, with substantial funds earmarked for projects in Karachi. Targeted financing of this nature, if applied correctly, could help address some of the city’s most chronic service delivery failures. Yet Karachi’s long and dismal record of financial and municipal mismanagement serves as a cautionary reminder that money alone will not fix what is fundamentally a problem of governance and........

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