A delegation of nine executives (two edities) from the World Bank Group (WBG) arrives in Pakistan today (Monday), which represents the first high -level visit in nearly 20 years. The delegation, combined with 88 member states of the Board of Directors of the World Bank, will participate with the main government officials and stakeholders to discuss economic development strategies in Pakistan, investment prospects, and effective implementation of the recently accredited country partnership framework of 40 billion dollars (CPFF) for the contract Next.
The visit is expected to enhance cooperation between Pakistan and the World Bank, especially in the progress of the major economy and infrastructure projects. The twentieth documents will hold discussions with Prime Minister Anwar Kakar, Finance Minister Mohamed Uranzib, Minister of Planning Sami Saeed, Minister of Authority Sardar Owais Legari, and officials from the Economic Affairs Department (EAD). The talks will focus on enhancing economic flexibility, expanding private sector growth, and ensuring successful implementation of projects under CPF.
In addition to high -level meetings in Islamabad, the delegation will visit Khaybar Bakhtongua, Sindh, and Punjab while engaging with the representatives of Balochistan. These regional visits aim to provide direct visions in local challenges and economic opportunities, which are in line with the World Bank’s commitment to enhancing comprehensive and sustainable development throughout Pakistan. The delegation will also interact with business leaders, academics and civil society members.
The World Bank Group, which includes five major financial institutions – International Development Association (IDA), World Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), MiGA Investment Security Agency – He plays an important role in making global economic policies and financial support for developing economies.
Pakistani CPF, approved in 2024, is closely observed by other countries as a possible model for economic cooperation with WBG. The delegation is expected to hold ongoing and proposed initiatives, ensuring its compatibility with the broader goals of economic stability, infrastructure development and poverty reduction.
Among the members of the delegation are senior representatives of the Algerians, Nigeria, Switzerland, Australia, Spain, France, Swatini and the Central African Republic, along with Pakistan’s CEO in the International West Bank, Tukir Shah. The group is accompanied by Mercy Tembon, WBG Secretary and Vice President.
The visit confirms the renewal of participation between Pakistan and the World Bank at a time when Islamabad seeks to increase financial and technical assistance to meet economic challenges and increase development projects at the country level.
