NEW YORK
\nPrime Minister Muhammad Shehbaz Sharif met Mr. Ajay Banga, President of the World Bank Group (WBG), on the sidelines of the 80thSession of the United Nations General Assembly.
\nThe Prime Minister appreciated Mr. Banga\u2019s leadership in transforming the World Bank into a faster, more efficient and impactful development partner, with renewed focus on simplifying operations and mobilizing private sector resources. He lauded the Bank\u2019s long-standing support to Pakistan, particularly during the COVID-19 pandemic and the devastating 2022 floods.
\nThe Prime Minister apprised the World Bank President of the Government\u2019s comprehensive reform agenda, encompassing resource mobilization, energy sector reforms, privatization and measures to build resilience against climate change. He reiterated that the reform agenda had steered Pakistan towards macroeconomic stabilization, restored investor confidence and promoted sustainable and inclusive economic growth.
\nThe Prime Minister expressed appreciation for the World Bank\u2019s new Country Partnership Framework (2026\u20132035), under which the World Bank has committed an unprecedented US$ 40 billion for Pakistan. The Prime Minister reaffirmed Pakistan\u2019s commitment to ensure its effective implementation in close coordination with provincial governments.
\nPresident World Bank appreciated the reform measures being undertaken by Pakistan and reaffirmed the Bank\u2019s commitment to Pakistan\u2019s development agenda. He emphasized the Bank\u2019s readiness to extend continued support for advancing economic reforms and undertaking long-term initiatives on climate resilience under the new CPF.
\nBoth sides reiterated their resolve to further strengthen cooperation under the Country Partnership Framework in order to advance Pakistan\u2019s development priorities. <\/p>\n","protected":false},"excerpt":{"rendered":"
NEW YORK Prime Minister Muhammad Shehbaz Sharif met Mr. Ajay Banga, President of the World Bank Group (WBG), on the sidelines of the 80thSession of the United Nations General Assembly. The Prime Minister appreciated Mr. Banga\u2019s leadership in transforming the World Bank into a faster, more efficient and impactful development partner, with renewed focus on […]<\/p>\n","protected":false},"author":2,"featured_media":504817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-504779","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n