Finance Minister Ishaq Dar held a meeting with World Bank President David Malpass in Washington, said a press release issued by Finance Ministry here on Friday.
The statement said that Federal Minister for Economic Affairs Ayaz Sadiq, Minister of State for Finance and Revenue Dr Ayesha Ghous Pasha, Pakistan’s ambassador to the US Masood Khan and Secretary Finance Hamed Yaqoob Shaikh were also present during the meeting.
It said Finance Minister Muhammad Ishaq Dar had a very productive meeting with President World Bank David Malpass. The finance inister thanked the President World Bank for continued support to Pakistan, particularly for meeting the floods challenges and assured him of Pakistan’s commitment to reforms. The two sides also discussed ways to further strengthen the partnership between the World Bank and Pakistan.
Readout from World Bank Group President David Malpass’s Meeting with Muhammad Ishaq Dar, Minister of Finance and Revenue and Sardar Ayaz Sadiq, Minister of Economic Affairs of Pakistan:
Today, World Bank Group President David Malpass met with Muhammad Ishaq Dar, Minister of Finance and Revenue and Sardar Ayaz Sadiq, Minister of Economic Affairs of Pakistan.
President Malpass expressed his condolences for the loss of lives and livelihoods due to the devastating floods.
President Malpass highlighted that Pakistan is among the countries most affected by climate change causing devastating damage to infrastructure and agriculture production. President Malpass reaffirmed the World Bank Group’s (WBG) ongoing commitment to support 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. President Malpass noted the WBG’s active engagement in raising assistance from bilateral donors.
President Malpass emphasized to the Ministers the importance of predictable economic policies to restore macroeconomic stability and market confidence. 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 a sustained growth.
