World Bank CEO pledges to 'further strengthen cooperation with Pakistan'

Published April 26, 2019
World Bank CEO Kristalina Georgieva on Friday pledged to further strengthen cooperation with Pakistan in the areas of disbursements programme lending and guarantees provision for raising external funds, in a meeting with Prime Minister Imran Khan on the sidelines of the second Belt and Road Forum (BRF) in Beijing. — Photo provided by author
World Bank CEO Kristalina Georgieva on Friday pledged to further strengthen cooperation with Pakistan in the areas of disbursements programme lending and guarantees provision for raising external funds, in a meeting with Prime Minister Imran Khan on the sidelines of the second Belt and Road Forum (BRF) in Beijing. — Photo provided by author

World Bank CEO Kristalina Georgieva on Friday pledged to further strengthen cooperation with Pakistan in the areas of 'disbursements programme lending' and 'guarantees provision for raising external funds' , according to a press release received by Dawn.com.

The pledge was made in a meeting with Prime Minister Imran Khan on the sidelines of the second Belt and Road Forum (BRF) in Beijing.

According to the press release, issued by the Pakistani embassy in Beijing, the premier was accompanied by Foreign Minister Shah Mahmood Qureshi, the PM's Adviser on Finance Abdul Hafeez Shaikh, and Advisor on Commerce Abdul Razaq Dawood for his meeting with the World Bank CEO.

PM Imran informed the World Bank CEO of recent steps taken by the government to improve the economic and fiscal situation of Pakistan.

As per the press release, he appreciated the role played by the World Bank in "regional connectivity, poverty alleviation, financial management, provisional projects, Dasu and other infrastructure projects and ease of doing business."

Additionally, the premier told Georgieva about the socio-economic uplift measures that the government has taken and about the creation of 'Ehsas', the PTI's flagship social welfare programme.

Read: 'Ehsas': PM Khan launches ambitious social safety, poverty alleviation programme

The premier also met with the International Monetary Fund (IMF) Managing Director Christine Lagarde on the sidelines of the BRF.

The prime minister had arrived in China yesterday on a four-day official visit. Earlier today in his keynote speech at the opening ceremony of the second BRF, he called for greater attention towards tackling climate change and poverty as Pakistan and China enter the next phase of the China-Pakistan Economic Corridor (CPEC).

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Unyielding onslaught
Updated 13 Jun, 2024

Unyielding onslaught

SEVEN soldiers paid the ultimate price in Lakki Marwat on Sunday when their vehicle was blown up in an IED attack,...
X diplomacy
Updated 12 Jun, 2024

X diplomacy

Both states can pursue adversarial policies, or come to the negotiating table and frankly discuss all outstanding issues, which can be tackled through dialogue.
Strange decisions
12 Jun, 2024

Strange decisions

THE ECP continues to wade deeper and deeper into controversy. Through its most recent decision, it had granted major...
Interest rate cut
Updated 11 Jun, 2024

Interest rate cut

The decision underscores SBP’s confidence that economic stability is gaining traction.
Rampant zealotry
11 Jun, 2024

Rampant zealotry

Decades of myopic policies pursued by the state have further aided the radicalisation of significant portions of the population.
Cricket breakdown
11 Jun, 2024

Cricket breakdown

THERE was a feeling that Pakistan had finally turned the corner in their T20 World Cup campaign. Sadly, it was only ...