ISLAMABAD: World Bank Managing Director Anna Bjerde has reaffirmed the institution’s strong support for Pakistan’s $20 billion development program aimed at maximising long term economic and social impact.
The reaffirmation came during a meeting between Finance Minister Muhammad Aurangzeb and the World Bank managing director on the sidelines of the Annual AlUla Conference for Emerging Market Economies held in Saudi Arabia. The conference brings together global policymakers to discuss challenges and opportunities facing emerging economies.
During the meeting, both sides reviewed Pakistan’s 10 year development strategy under the Country Partnership Framework (CPF). Key areas of discussion included energy sector reforms education and health improvements climate resilience and financial sector strengthening.
Finance Minister Aurangzeb highlighted the government’s commitment to close collaboration with the World Bank to ensure effective implementation of the program. He assured full cooperation from relevant federal ministries to deliver reforms and development projects in a timely manner.
The minister also stressed the importance of provincial government participation, noting that coordination at both federal and provincial levels is essential to maximise the program’s impact and ensure sustainable outcomes.
The World Bank’s continued backing is seen as critical for Pakistan as it seeks to accelerate economic recovery improve public service delivery, and address longstanding structural challenges through targeted reforms and investments.
About The Author
