World Bank reaffirms commitment to Pakistan’s economic growth

September 06, 2023 (MLN): The World Bank is ready to provide technical assistance and financial support to help Pakistan achieve its development goals, as affirmed by Mr. Najy Benhassine, Country Director of the World Bank, during a courtesy call on Pakistan's Minister for Finance, Revenue, Economic Affairs, and Privatization Dr. Shamshad Akhtar.

He highlighted the importance of collaboration between the World Bank and the Pakistani government to address pressing economic challenges and promote sustainable development.

Mr. Njay was also accompanied by his team including Mr. Tobias Akhtar Haque, Lead Country Economist, and Mr. Gailius J Draugelis, Operations Manager. Secretary Finance, Secretary Economic Affairs Division, and senior officers from Finance and Economic Affairs Division were also present in the meeting.

Dr. Shamshad Akhtar appreciated the role of the World Bank as one of the major development partners of Pakistan.

She also expressed gratitude for the World Bank's continued support and commitment to Pakistan's economic growth through its ongoing development projects in the country that will help Pakistan strengthen its fiscal management, undertake foundational reforms, and uplift the masses.

Dr Shamshad Akhtar also informed the delegation about the comprehensive measures being taken by the interim government to enhance revenue collection of the country and pursuance of sound fiscal policies.

She further underscored the caretaker Government’s unwavering commitment to the successful fulfillment of its obligations under the IMF program and timely completion of all ongoing development projects.

She also emphasized the government's determination to prioritize the well-being of its citizens, especially those most vulnerable, through targeted initiatives that promote inclusive development and mitigate the impact of economic challenges on the people of Pakistan.

During the meeting, both parties exchanged views on their shared vision of promoting economic stability and social development in Pakistan to foster a prosperous and resilient future for the country.

Dr. Akhtar underscored the need for support for strengthening social safety nets, aimed at providing much-needed relief to the masses during challenging economic circumstances.

The meeting concluded with both sides reaffirming their commitment to strengthening the partnership for the benefit of Pakistan's economy and its people.

The World Bank delegation thanked Dr. Shamshad Akhtar and the government of Pakistan for their warm hospitality and constructive.

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