New York: President of World Bank Group Ajay Banga met with Prime Minister Shehbaz Sharif in New York.
The Prime Minister lauded the Bank’s long-standing support to Pakistan, particularly during the COVID-19 pandemic and the devastating 2022 floods.
The Prime Minister apprised the World Bank President of the Government’s comprehensive reform agenda, encompassing resource mobilization, energy sector reforms, privatization and measures to build resilience against climate change.
He reiterated the reform agenda has steered Pakistan towards macroeconomic stabilization, restored investor confidence and promoted sustainable and inclusive economic growth.
The Prime Minister expressed appreciation for the World Bank’s new Country Partnership Framework (2026–2035), under which the World Bank has committed an unprecedented 40 billion dollars for Pakistan.
The Prime Minister reaffirmed Pakistan’s commitment to ensure its effective implementation in close coordination with provincial governments.
The President World Bank appreciated the reform measures being undertaken by Pakistan and reaffirmed the Bank’s commitment to Pakistan’s development agenda.
He emphasized the Bank’s readiness to extend continued support for advancing economic reforms and undertaking long-term initiatives on climate resilience under the new CPF.
Both sides reiterated their resolve to further strengthen cooperation under the Country Partnership Framework in order to advance Pakistan’s development priorities.
