ISLAMABAD – International Monetary Fund (IMF) and the World Bank haveassured continued support to Pakistan’s economy.
The assurances were given by the Managing Directors of the IMF and the WorkBank during separate meetings with Adviser on Finance Abdul Hafeez Sheikhin Washington.
During a meeting with Managing Director of World Bank Axel Van Trotsenburg,Adviser on Finance Hafeez Sheikh highlighted the government’s focus onexpediting speedy rollout of the World Bank’s projects and actions beingtaken in this regard. He also appreciated the supported being provided bythe bank to Pakistan.
Axel Van Trotsenburg mentioned that Pakistan is among the World Bank’slargest partners and beneficiaries of International DevelopmentAssociation. He said that Pakistan should make optimal use of availableWorld Bank resources and assured the Bank’s continued support to Pakistan’sdevelopment effort.
In a separate meeting, Abdul Hafeez Shaikh and his delegation held anextensive session with the IMF Managing Director Ms Krsitalina Georgievaand other senior Fund officials.
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The Adviser on Finance gave an overview of the implementation of the IMFprogram in Pakistan. He stated that the first quarter results indicatedthat Pakistan’s economy was on its path to stabilization. The reformsinitiated under the IMF program were demonstrating positive outcomes.
Ms Georgieva stated that the IMF recognized that tough decisions were beingmade and implemented to stabilize Pakistan’s economy. She appreciated thecommitment of the government and assured continued support of the IMF forthe reform process.
