The Minister of Finance, Muhammad Aurengzeb, has reaffirmed the government’s commitment to achieve “sustainable economic stability” in the country as held a series of meetings with officials of the International Monetary Fund (IMF) and the World Bank in Washington, a press release from the press department of the press on Tuesday.
The meetings, scheduled from Monday, April 21 to Saturday, April 26, were held outside the 2025 spring meetings of the World Bank group and the IMF in the United States. The Forum brings together Ministers of Finance and Governors of the Central Bank of 191 countries to address global challenges, such as sovereign debt, climatic finances and the reform of the international financial system. The meetings, held twice a year, provide a rare forum for high -level consultations between financial institutions and those responsible for formulating global policies.
According to the press release, at a meeting with the president of the World Bank Group, Ajay Banga, the Minister of Finance expressed his appreciation for the historical support of the Bank to Pakistan, particularly the country association framework (CPF).
During the meeting, Banga received a “detailed description of Pakistan’s macroeconomic change”, while Aurangzeb reaffirmed Pakistan’s commitment to “sustainable economic stability,” said the statement.
In January, Pakistan became the first country to launch a long -term CPF with the World Bank. According to the World Bank, the new framework aims to “support inclusive and sustainable development through a strong approach to human capital construction.”
Aurengzeb also held a meeting with the managing director of the IMF, Kristalina Georgieva, where she expressed her gratitude for the agreement at the personnel of the global lender and the new agreements under the center of resistance and sustainability. “The two parties discussed the economic recovery plan of Pakistan, the structural reforms and the future of the current programs,” according to the statement.
Recently, Pakistan reached an agreement at the personnel with the IMF under an installation of extended funds (EFF) of $ 7 billion, approved in September 2024 for a period of 37 months.
Aurengzeb extended an invitation to Georgeiva on behalf of Prime Minister Shehbaz Sharif to visit Pakistan.
The minister also attended a lunch organized by the US Pakistan Business Council, where Aurangzeb discussed regional trade and market diversification, inviting collaboration in the mining and mineral sector.
“He thanked the US Pakistan Business Council for participating in the Pakistan 2025 investment minerals, held earlier this month,” the statement added.
The Minister of Finance also met with the assistant secretary of the United States Treasury Department, Robert Kaproth, general secretary of the Climate and Vulnerable Vulnerable Forum 20 (CVF-V20), Mohamed Nasheed, regional vice president of the International Finance Corporation (IFC) Hela Cheikhrouhou, together with a delegation of delegation in separate meetings.
At the meeting with the Secretary General of CV-V20, Aurengzeb stressed that “four of his [CPF] Six key results directly address Pakistan’s existential challenges about climate change and population pressures. “
