Abdul Hafeez Shaikh says technical and financial assistance from the World Bank is vital
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Thursday said that Pakistan was pursuing a growth-oriented programme for institutional reforms and economic revival.
Talking to World Bank Country Director, Patchamuthu Illangovan, Shaikh said that the technical and financial assistance from the bank was vital for achieving various development goals in different sectors of the economy.
Illangovan, who along with his team met the adviser, apprised him about the upcoming visit of World Bank President David Malpass to Pakistan in the first week of November.
He conveyed a strong desire from the WB management to work with Pakistan to drive institutional reforms and support the growth agenda of the government, adding that bank would be providing any technical or financial assistance required in this regard.
Illangovan told the adviser that the WB could work on any financial arrangement, looking at the objective need and assessment of the policy matrix as the bank was very supportive of the institutional reforms being undertaken by the government of Pakistan in different sectors of the economy.
He also briefed the adviser on ongoing discussions with the Ministry of Finance on two policy-based lending operations to provide budgetary support to Pakistan, which would be finalized by December 2019. Besides, issues related to World Bank’s ongoing portfolio of US $ 9 billion as well as firming up of Pakistan’s delegation to attend the annual meetings of International Monetary Fund/World Bank Group during October 2019, also came under discussion.
On the occasion, Dr Abdul Hafeez Shaikh welcomed World Bank president’s upcoming visit to Pakistan and hoped the visit would lead to the opening of greater avenues for more productive engagement between the World Bank and Pakistan.