WB lauds Pak reforms’ process

Asad briefs IMF on Pakistan’s economic policies

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WASHINGTON

A delegation of Pakistani officials led by Finance Minister Asad Umar held meetings with high-level officials of the World Bank and the International Monetary Fund (IMF) in Washington on Wednesday on the sidelines of the annual Spring Meetings.

The Pakistani delegation comprises State Bank Governor Tariq Bajwa, Finance Secretary Younas Dagha, and Economic Affairs Secretary Noor Ahmed, among others. The delegation reached the US capital on Tuesday evening and is expected to stay for two days.

The delegation discussed various economic and development projects with the World Bank President David Malpass, IMF Executive Director Christine Lagarde, and IMF Deputy Managing Director Tao Zhang, according to embassy officials. The finance minister is expected to further deliberate on the terms of a multi-year support funding from the IMF.

During the meeting, Malpass appreciated Pakistan’s efforts for reforms and assured that World Bank will continue its assistance. Umar also met with Hartwig Schafer, the vice president for South Asia at World Bank, and was scheduled to participate in a talk with the assistant secretary and acting assistant secretary of the US Treasury. The finance minister met David Lipton, the first deputy managing director of IMF, as well and the two discussed the ongoing talks between Pakistan and the international lender.

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