Finance Minister holds high-level talks with World Bank, IFC for economic advancement

April 02, 2024 (MLN): To discuss the collaborative development strategies aimed at promoting economic growth, enhancing financial stability, and fostering sustainable development within the country, the finance minister, Muhammad Aurangzeb engaged in a meeting with representatives of World Bank (WB) and International Finance Corporation (IFC), yesterday.

During the meeting, the importance of strengthening partnerships with international financial institutions like IFC and WB was highlighted.

A discussion was done to leverage their expertise and resources for the country's development agenda.

The Minister also highlighted the government's commitment to creating an enabling environment for private sector investment and ensuring transparency and accountability in financial matters.

Respective representatives from WB and IFC appreciated the efforts of the government aimed at bringing reforms in economic and financial sectors to ensure sustained economic growth in terms of expanding the tax base, SOEs restructuring, and privatization.

They also discussed potential areas of cooperation and investment opportunities in various sectors, including agriculture, power sector, and IT.

The delegates expressed their organizations' continued support for the country's development goals and agendas for the welfare of the people of Pakistan.

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