Pak delegation holds meetings with WB, IMF, receives appreciation for reform process

WASHINGTON – A Pakistani delegation led by Finance Minister Asad Umar has held meetings with the officials of World Bank (WB) and International Monetary Fund (IMF) in Washington on Wednesday, the Radio Pakistan reported.

During the meetings, the Pakistani delegation comprises State Bank Governor Tariq Bajwa, Finance Secretary Younas Dagha, and Economic Affairs Secretary Noor Ahmed, among others, discussed various economic and development projects with the WB President, as well as with the Executive Director and Deputy Managing Director of the IMF.

The Pakistani officials arrived in Washington late Tuesday and are expected to stay for a couple of days.

On the sidelines of the meetings, Finance Minister Asad Umar also met with the new World Bank President David Malpass and apprised him of the macroeconomic situation in the country and discussed continuation of Pakistan’s ongoing engagement with the Bank.

Malpass appreciated the reform process in the country and assured continued World Bank Support.

Asad Umar also met with the First Deputy Managing Director of IMF David Lipton and talked about the ongoing negotiations with the IMF.

The Finance Minister had a business roundtable with members of the US Pakistan Business Council.

The business council expressed their strong interest in Pakistan’s market and shared their future plans as well as issues where they needed support from the government.

Talking to the business council, Asad Umar said the present government is completely focused on improving the ease of doing business in Pakistan.

He said Prime Minister Imran Khan is personally monitoring the reform process in this regard.

Asad Umar also chaired a meeting with the members of the US-Pakistan Council to explore investment opportunities and prospects in Pakistan.

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