Minister for Economic Affairs Ahad Khan Cheema held high-level discussions with World Bank leadership during his official visit to the United States, marking a significant step forward in the country\u2019s development partnership with the international financial institution.
\nIn a productive meeting with Managing Director for Operations Ms. Anna Bjerde and South Asia Regional Vice President Martin Raiser, the minister applauded the strengthened collaboration between Pakistan and the World Bank Group over the past year, said a news release here on Friday.
\nThis enhanced engagement has culminated in the development of the new Country Partnership Framework (CPF) 2026-2035, a transformative ten-year strategy backed by an unprecedented $40 billion commitment from the World Bank.<\/p>\n
The minister expressed deep appreciation for the World Bank\u2019s historical support, particularly during critical challenges, including the COVID-19 pandemic and devastating 2022 floods.
\n\u201cAs our largest development partner, the World Bank has played an indispensable role in Pakistan\u2019s socio-economic progress and improving the lives of our citizens,\u201d Cheema stated. He particularly commended the leadership of both Ms. Bjerde and Mr. Raiser in advancing this vital partnership.
\nWith the CPF now successfully launched, the minister emphasized the government\u2019s complete focus on finalizing a comprehensive implementation framework in collaboration with the World Bank to ensure the strategy delivers its full potential.
\nHe welcomed Pakistan\u2019s transition to the World Bank\u2019s Middle East and North Africa (MENA) Region under Vice President Ousmane Dione, noting this move will create valuable opportunities for knowledge exchange and regional synergy.
\nMeanwhile, in a separate meeting with World Bank Executive Director Abdelhak Bedjaoui , he acknowledged his effective representation of Pakistan\u2019s economic interests.
\nThe minister proposed regular visits by Executive Directors to constituency countries to better understand development needs and opportunities for World Bank engagement.
\nThe discussions also highlighted recent WB approvals, including the $700 million Reko Diq mining project and $400 million Risk Participation Facility, which moved forward despite objections.
\nCheema reaffirmed Pakistan\u2019s commitment to working closely with the WB country team to achieve the CPF\u2019s ambitious development objectives and transformational impacts.
\nWB leadership expressed appreciation for the minister insights and assured their full support for the effective implementation of the CPF, underscoring the institution\u2019s continued commitment to Pakistan\u2019s sustainable economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Minister for Economic Affairs Ahad Khan Cheema held high-level discussions with World Bank leadership during his official visit to the United States, marking a significant step forward in the country\u2019s development partnership with the international financial institution. In a productive meeting with Managing Director for Operations Ms. Anna Bjerde and South Asia Regional Vice President …<\/p>\n","protected":false},"author":4,"featured_media":82971,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-82956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/82956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=82956"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/82956\/revisions"}],"predecessor-version":[{"id":82972,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/82956\/revisions\/82972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/82971"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=82956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=82956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=82956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}