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Business & Finance

IMF, World Bank leadership assure Dar of continued support for Pakistan

  • Dar assures incumbent government is committed to completing IMF programme
Published October 14, 2022

Federal Minister for Finance and Revenue Ishaq Dar held key meetings with the top officials of the International Monetary Fund (IMF), World Bank and various financial institutions, said a statement released by the Ministry of Finance on Friday.

The finance minister, who is leading Pakistan’s delegation in the IMF / World Bank’s 2022 Annual meetings being held in Washington DC, met with Antoinette Sayeh, Deputy Managing Director IMF.

Dar apprised the IMF’s official of the damages caused by the unprecedented floods in Pakistan. He shared the Government of Pakistan’s vision for stabilizing the economy and carrying out sustainable and resilient recovery.

Sayeh appreciated the government’s policies and assured of IMF’s continued support to Pakistan.

Dar holds ‘very productive’ meeting with IMF’s Deputy MD: MoF

Furthermore, Dar in his meeting with David Malpass, President World Bank, thanked the global creditor for its continued support in the socio-economic development of Pakistan.

Dar lauded the World Bank for its assistance in rescue and relief operations in the aftermath of the unprecedented devastating floods. As per the statement, President Malpass assured that the bank would continue to work with the government to help Pakistan overcome its socio-economic challenges due to the floods.

Meanwhile, in a separate meeting, the finance minister thanked Martin Raiser, Vice President of South Asia Region (SAR), World Bank for undertaking a visit to Pakistan amid the devastation caused by the floods.

Dar leaves for US to hold negotiations with IMF, World Bank

Dar said that the visit helped in projecting the tremendous damages caused by the devastating floods. Raiser assured that his institution would continue to support Pakistan in overcoming its economic difficulties.

Moreover, Dar also met with Dr Muhammad Sulaiman Al Jasser, President of the Islamic Development Bank (IDB).

During the meeting, the finance minister thanked IDB for its continued engagement with Pakistan. He appreciated that Pakistan and IDB had remained trusted partners for decades. President Al Jasser appreciated the measures being taken by Pakistan’s government to stabilize the economy while providing relief to the flood victims.

The finance minister also held meetings with the leadership of Deutsche Bank and J.P. Morgan, and elaborated upon the government’s vision to stabilize the economy, while also providing relief to the victims of the flood.

“He assured that the incumbent government was committed to completing the IMF’s programme.

“The delegation also met with rating agencies and participated in several events being held during the Annual Meetings,” read the statement.

Comments

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Maroof Shah Oct 14, 2022 06:45pm
A time will come when current Pakistani leaders will have used up their bad luck and sympathy card to play with donors. I don't see any moves by the leaders in educating the public for learning to live within our means for a very poor vastly under developed country
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