Minister Aurangzeb held discussions with World Bank President, Rajeev Banga, focusing on Pakistan’s economic situation.
Pakistan Engages in Crucial Talks at IMF & World Bank Meetings in Washington. The Boards of Governors of the International Monetary Fund (IMF) and the World Bank held meetings in Washington, where central bank governors, finance ministers, and economic experts from around the world gathered to exchange views on global economic perspectives, poverty eradication, and economic development.
Federal Minister for Finance, Muhammad Aurangzeb, participated in the meetings, representing Pakistan’s interests. During his visit to the United States, Pakistani officials are engaged in negotiations with the IMF, aiming to secure a new loan program to bolster the country’s economy.
Meanwhile, the U.S. Department of State has announced its support for Pakistan’s new loan program. The Pakistani delegation, led by Minister Aurangzeb, is actively advocating for Pakistan’s economic stability and progress.
Minister Aurangzeb held discussions with World Bank President, Rajeev Banga, focusing on Pakistan’s economic situation. He expressed gratitude to the World Bank for its cooperation and support. Additionally, Minister Aurangzeb met with officials from the Saudi Ministry of Finance in Washington, where Saudi Arabia pledged its support for Pakistan’s economic development.
On the other hand, U.S. Department of State spokesperson, Matthew Miller, stated during a press briefing that Pakistan and the IMF have made progress in staff-level discussions last month. He praised Pakistan’s efforts to strengthen its economy and expressed unwavering support for the country’s economic success.
Miller reiterated the United States’ commitment to Pakistan’s prosperity, highlighting the enduring business and investment ties between the two countries.
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The engagement at the IMF and World Bank meetings underscores Pakistan’s commitment to addressing economic challenges and fostering international cooperation for sustainable development. These discussions are vital steps towards securing financial support and advancing Pakistan’s economic agenda on the global stage.
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