KARACHI: Finance Minister Muhammad Aurangzeb on Friday held a series of meetings with officials of the World Bank, Fitch Ratings and others in Washington, aimed at advancing the country’s economic agenda and highlighting its commitment to reforms under a $7 billion International Monetary Fund (IMF) program.
Aurangzeb met President of the World Bank Ajay Banga on the sidelines of the IMF–World Bank annual meetings and reaffirmed Pakistan’s commitment to deepening its partnership with the Bank, according to the Pakistani finance ministry.
He briefed the World Bank president on the government’s response to recent floods, which killed over 1,000, affected another 4 million and caused an estimated $1.3 billion losses.
“The Minister endorsed the proposal of leveraging technology platforms and cooperatives to effectively reach small farmers and enhance agricultural resilience,” the finance ministry said in a statement.
“Aurangzeb thanked the World Bank for its technical assistance in developing Pakistan’s Tariff Policy and informed Mr. Banga about the Memoranda of Understanding (MoUs) signed with provinces for the implementation of the Country Partnership Framework (CPF).”
