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WASHINGTON: World Bank President David Malpass reaffirmed the bank’s ongoing commitment to support Pakistan for its urgent needs in health, food, shelter, and cash transfers, as well as accelerating the preparation of new operations to rebuild in a more resilient way.
The WBG president met with Minister of Finance and Revenue Muhammad Ishaq Dar and Minister of Economic Affairs Sardar Ayaz Sadiq in Washington.
The finance minister thanked the World Bank for its continued support in the socio-economic development of Pakistan.
President Malpass noted the WBG’s active engagement in raising assistance from bilateral donors, according to a statement issued by the bank.
President Malpass emphasized to the ministers the importance of predictable economic policies to restore macroeconomic stability and market confidence.
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President Malpass also encouraged the government to focus on the implementation of Pakistan’s fiscal and energy reforms to stabilize the economy and lay the foundation for sustained growth.
President Malpass assured that the bank would continue to work with the government of Pakistan to help the country overcome its socio-economic challenges due to the floods, according to a statement issued by the government of Pakistan.
Ishaq Dar also met Antoinette Sayeh, Deputy Managing Director, IMF. The minister apprised her of the devastations caused by the unprecedented floods in Pakistan. He shared the government’s vision for stabilizing the economy and carrying out sustainable and resilient recovery.
DMD IMF appreciated the government’s policies and assured of the IMF’s continued support to Pakistan.
