KARACHI: Prime Minister Shehbaz Sharif this week met the heads of the International Monetary Fund (IMF) and the World Bank on the sidelines of the 80th United Nations General Assembly in New York, where discussions focused on Pakistan’s economic reform program, long-term development agenda and recovery plan from recent floods, the premier’s office said on Wednesday.
The meetings build on Pakistan’s engagement with both institutions: the World Bank’s Country Partnership Framework (CPF) for 2026–2035, under which the Bank has committed $40 billion in financing, and the IMF’s $3 billion Stand By Arrangement, which has been concluded, and the ongoing $7 billion Extended Fund Facility (EFF) and $1.4 billion Resilience & Sustainability Facility (RSF).
Sharif briefed World Bank Group President Ajay Banga on reforms covering resource mobilization, energy sector restructuring, privatization and climate measures. His office said these policies had steered the economy toward stabilization, restored investor confidence and promoted inclusive growth.
“President World Bank appreciated the reform measures being undertaken by Pakistan and reaffirmed the Bank’s commitment to Pakistan’s development agenda,” Sharif’s office in Islamabad said in a statement.
