| GEO Pakistan|
| Govt committed to involve development partners in economic reforms: PM|
| Updated at: 0215 PST, Friday, August 29, 2008|
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Thursday said the government is committed to involving development partners both individually and collectively for their feedback and monitoring of the overall economic reform agenda.
It is critical that development partners equally recognize the need for timely inflows of financial assistance for reserve build-up as well as meeting other development requirements, Gilani said.
The Prime Minister was talking to a delegation of World Bank which led by Ms. Isabel, World Bank Vice President South Asia Region met him along with Praful C Patel, Ex-Vice President here at the PM House.
Gilani briefed the delegation about the political and economic developments that have transpired over the last few months since he took over as Prime Minister.
The Prime Minister assured the World Bank delegation that the government is committed to macroeconomic stabilization and has taken a number of policy measures including improving the cost recovery for utility, achieving demand containment through appropriate monetary policy measures, and helping poor people through effective social safety net.
The Prime Minister underscored that multilateral and bilateral development agencies and partners need to understand that his government would like to have strong ownership of the macroeconomic stabilization package and structural reforms.
In response the World Bank Vice President assured the Prime Minister of the World Bank’s strong support for the democratic government.
The World Bank program which is going forward is substantive and diverse, helping Pakistan in both economic and social uplift.
The World Bank delegation assured the Prime Minister of their full support in this transition and said the bank will consider possible augmentation of financing.