World Bank President is Coming to Pakistan in November - Android

Adviser to the Prime Minister on Finance and Revenue, Abdul Hafeez Shaikh says that Pakistan is pursuing a growth-oriented program… Read More

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Adviser to the Prime Minister on Finance and Revenue, Abdul Hafeez Shaikh says that Pakistan is pursuing a growth-oriented program for institutional reforms and economic revival.

While talking to World Bank Country Director, Patchamuthu Illangovan, the minister said that technical and financial assistance from the bank is vital for achieving various development goals in different sectors of the economy.

Illangovan, who met the adviser with his team, apprised him about the upcoming visit of World Bank President David Malpass to Pakistan in the first week of November.

He said that the WB management is looking forward to working with Pakistan to drive institutional reforms and support the growth agenda of the government, adding that the bank would be providing technical or financial assistance as required.

Illangovan told the adviser that the World Bank can work on any financial arrangement, looking at the objective need and assessment of the policy matrix, as the bank is very supportive of the institutional reforms being undertaken by the government of Pakistan.

He also briefed the adviser on the ongoing discussions with the Ministry of Finance on two policy-based lending operations to provide budgetary support to Pakistan, which would be finalized by December 2019.

Issues related to World Bank’s ongoing portfolio of $9 billion as well as prepping Pakistan’s delegation to attend the annual meetings of International Monetary Fund/World Bank Group during October 2019, also came under discussion.

Abdul Hafeez Shaikh welcomed World Bank president’s upcoming visit to Pakistan and hoped the visit would lead to the opening of greater avenues for more productive engagement between the World Bank and Pakistan.

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