Thank you to the World Bank for approving the Country Partnership Framework, FinMin Aurangzeb

Pakistan’s 10-year Country Partnership Framework (CPF) was approved by the World Bank, for which Federal Finance Minister Muhammad Aurangzeb expressed gratitude.

The FM met with Mr. Martin Raiser, the World Bank’s Vice President for South Asia, during the World Bank Group’s and the International Monetary Fund’s (IMF) Spring Meetings in Washington.

During the meeting, Aurangzeb conveyed his appreciation for the 10-year CPF for Pakistan being approved.

Additionally, he expressed gratitude to the World Bank for their collaboration in the areas of energy, digitization, and economic reforms.

This time, the finance minister emphasized the importance of expediting the CPF’s implementation and completing finished projects in certain industries as soon as possible.

In order to increase job possibilities, all parties agreed that private sector investment should be increased.

Additionally, Aurangzeb highlighted a practical method to eliminate obstacles in project completion and quicken work tempo.

Additionally, the finance minister met with a Deutsche Bank delegation and gave them an update on the state of the economy as well as monetary and fiscal developments.

The FM also briefed Moody’s commercial team in Washington, D.C. on Pakistan’s economic prospects, emphasizing the country’s improving foreign currency reserves, stable exchange rate, reducing inflation, and fiscal and current account surplus.

He also promised to keep talking about possible future partnerships and provided updates on the Panda Bonds’ issue.