Pakistan promises the IMF that the reform momentum would continue.
The International Monetary Fund (IMF) has received assurances from Senator Muhammad Aurangzeb, the Federal Minister of Finance and Revenue, that the reform momentum will continue to support the nation’s economic growth.
In a meeting with Kristalina Georgieva, the managing director of the IMF, he restated the pledge. He commended the IMF team for achieving a new agreement under the Resilience and Sustainability Facility (RSF) and a Staff-Level Agreement on the First Review under the Extended Fund Facility (EFF).
He invited Georgieva to visit the nation on behalf of Prime Minister Shehbaz Sharif.
During his visit to Washington, the finance minister had important talks with world leaders, including senior representatives from the World Bank Group and the International Monetary Fund (IMF). The discussions centered on important topics such Pakistani development initiatives, climate resiliency, and economic changes.
The discussions took place alongside the World Bank Group’s and the International Monetary Fund’s (IMF) 2025 Spring discussions.
In the meantime, the Finance Minister thanked the World Bank for its longstanding assistance to Pakistan and praised its leadership in creating a transformative CPF—a ten-year strategic plan focused on quantifiable impacts and results—during a meeting with Ajay Banga, President of the World Bank Group.
He was grateful for the World Bank’s continuous support in developing an action plan and thorough implementation strategy to operationalize the CPF and boost overall effectiveness.
The minister also reiterated the government’s steadfast commitment to maintaining long-term economic stability and gave a thorough summary of Pakistan’s macroeconomic recovery.
Additionally, Aurangzeb met with Assistant Secretary Robert Kaproth of the U.S. Department of the Treasury, who he informed on Pakistan’s improving macroeconomic statistics.
He emphasized current reforms in debt management, state-owned enterprises (SOEs), energy, taxation, privatization, and pensions. The minister emphasized the importance of the World Bank’s Country Partnership Framework (CPF) in tackling Pakistan’s pressing issues, such as climate resilience and population increase.
