PAKSTAN
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Ms. Anna Bjerde, Managing Director of the World Bank Group, on the sidelines of the Annual AlUla Conference for Emerging Market Economies in the Kingdom of Saudi Arabia.
During the meeting, both sides followed up on the recent visit of the World Bank President to Pakistan and reviewed progress under the Country Partnership Framework (CPF). They also discussed the way forward to further strengthen development cooperation.
The discussion covered priority sectors including energy, education, health, climate resilience, debt-for-development swaps, fiscal reforms, and infrastructure development. Emphasis was placed on adopting a more focused approach, introducing clear performance trackers, and ensuring robust implementation mechanisms to translate commitments into tangible outcomes.
Ms. Anna Bjerde reaffirmed the World Bank Group’s strong commitment to Pakistan’s ten-year development programme worth USD 20 billion, underscoring continued support for the country’s reform and development agenda. She highlighted the importance of sustained engagement and effective execution to maximize the programme’s developmental impact.
Senator Aurangzeb reiterated the Government of Pakistan’s commitment to close collaboration with the World Bank Group and assured full cooperation through relevant federal ministries. He also stressed the role of provincial governments in ensuring better coordination, timely execution, and delivery of measurable results.
The AlUla Conference for Emerging Market Economies, launched in 2025, brings together finance ministers, central bank governors, senior policymakers, leaders of international financial institutions, and experts from around the world to deliberate on key economic challenges and opportunities facing emerging markets. – ER News Desk
