The spring annual meeting of the IMF and the World Bank will be held in Washington between April 15 and April 20
Finance ministers of IMF and World Bank member countries including Pakistan will participate in the ministerial meeting.
ISLAMABAD ( Web News )
The spring annual meeting of the International Monetary Fund (IMF) and the World Bank is being held in Washington between April 15 and April 20. The Finance Ministers will participate. The IMF Secretariat has issued a preliminary statement about this important meeting. In this important meeting, ministerial meetings and ministerial events will be held between April 17 and April 19. The prospective Finance Minister of the Federal Government, Finance Secretary, State Bank Governor and FBR Chairman will participate in this important meeting like every year and it will be the best opportunity for the economic team of the new government to be the Managing Director of the International Monetary Fund. Kristalina Gorgiva, World Bank President Ajay Banga, Asian Development Bank President Masatsuga Asakawa, Islamic Development Bank President Muhammad Al-Jasir, US Treasury Department, European Union, China, Saudi Arabia Gulf Cooperation Council and other important countries’ finance ministers, and their Meeting with the governors of the State Bank and the development funding needs of the newly elected government of Pakistan and the IMF’s new loan program of $5-7 billion for Pakistan and the proposed five-year country strategy and program of the World Bank of $2 billion for 2024-29. For approval, their leadership will have the opportunity to negotiate directly. There is also a possibility of determining the estimated schedule of 3.5 billion dollars announced by the Islamic Development Bank for the reconstruction of flood damage in Pakistan. During its stay in Washington, the new economic team will also negotiate with international commercial banks to meet the needs of commercial funding of at least 4.5 billion dollars and in the light of the issues agreed with them, the financing plan for the new financial year 2024-25 should be arranged. Will.