World Bank, United Nations agency offer assurances of continuing support to Pakistan’s economy: govt

The International fund (IMF) and therefore the United Nations agency provided assurances of their continuing support to Pakistan’s economy in conferences with consultant to the Prime Minister on Finance Dr Abdul Hafeez tribal sheik, a press statement issued by the govt on Mon aforementioned.

According to the release, issued by the Finance Division, Sheikh, in conjunction with a delegation — as well as banking concern Governor Reza Baqir, Finance Secretary Naveed Kamran Baloch and Economic Affairs Division Secretary Noor Ahmed — had consecutive conferences with the managing administrators of the United Nations agency and United Nations agency to apprise them of institutional reforms also as steps undertaken throughout the last year to place the country’s economy on the trail to progress and stability.

The conferences transpire in Washington DC, wherever the Pakistani delegation has gone to attend the annual spherical of conferences of the planet Bank-IMF cluster.

In the meeting with United Nations agency manager (Operations) Axel Van Trotsenburg and different senior officers, the premier’s consultant congratulated Trotsenburg on his appointment and appreciated the support the Bank had provided to Asian country.
As per the release, tribal sheik highlighted the government’s target expediting the speedy roll-out of United Nations agency pipeline comes also because the steps taken during this regard.

The World Bank manager noted that Asian country was among the Bank’s largest partners and beneficiaries of the International Development Association (IDA), adding that Asian country ought to create “optimal use” of the planet Bank’s resources.

He additionally assured the Pakistani delegation of the Bank’s continuing support to Pakistan’s development effort.

Meanwhile, in Associate in Nursing “extensive session” with United Nations agency manager Kristalina Georgieva and different senior United Nations agency officers, Sheikh, in conjunction with the Pakistani delegation, provided an outline of the implementation of the United Nations agency programme in Asian country.

He additionally congratulated Georgieva on her recent appointment because the United Nations agency manager.

During the meeting, the consultant to the premier aforementioned that the results of the primary quarter (of the monetary year) had indicated that Pakistan’s economy was on the trail to stabilisation, adding that the reforms initiated beneath the United Nations agency programme were “demonstrating positive outcomes”.

As per the release, Georgieva recognised the “tough decisions” that were being created and enforced to stabilise Pakistan’s economy. whereas appreciating the commitment of the govt, she assured IMF’s continuing support to the reform method.

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