World Bank President to visit Pakistan in November – Research Snipers

World Bank President to visit Pakistan in November

World Bank President

World Bank President is to visit Pakistan in November.

Dr Abdul Hafeez Shaikh—the adviser to the Prime Minister on Finance and Revenue said that Pakistan is in pursuit of a growth-oriented programme for the institutional changes and for the revival of the economy.

He made his statement on Thursday while conversing to Patchamuthu Illangovan—the country director of World Bank in Pakistan, who along with his team met with the adviser in Islamabad.

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The delegation told Dr Abdul Hafeez Shaikh about the upcoming visit of the World Bank President—David Malpass to Pakistan in the first week of November, and forwarded a strong wish from the World Bank management to work in unison with Pakistan for driving institutional reforms and to assist in the growth agenda of the government via any technical or financial aid needed from the Bank.

He also talked about the current discussion underway with the Finance Ministry on 2 policy-based lending operations for providing budgetary assistance to Pakistan which would be finalised by the December 2019.

Other than the issues related to the ongoing World Bank’s portfolio US$9 billion alongside strengthening Pakistan’s delegation for attending the yearly meetings of IMF/WBG during October 2019, were also discussed.

The adviser welcomed the upcoming visit of the President World Bank to Pakistan and expressed hopes that the visit would lead to the opening of much more avenues for more productive engagement between Islamabad and World Bank.

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