Governor SBP and federal secretaries to represent Pakistan in IMF-WB meetings starting in Washington today
ISLAMABAD: Governor of State Bank of Pakistan Jameel Ahmed and federal secretaries are representing Pakistan in the IMF-World Bank meetings, starting in Washington from today (April 10).
The week-long meetings are taking place at the IMF and World Bank headquarters. The key focus of the meetings is the impact of climate change, threatening lives and livelihoods worldwide.
From Pakistan side, the secretaries of finance and economic affairs and the State Bank governor are attending the the meetings.
Importantly, Finance Minister Ishaq Dar is not attending these meetings because of critical political situation in Pakistan.
The IMF-WB meetings will highlight rising inflation, the cost-of-living crisis, and slower growth effects hurting the poor and most vulnerable.
“Record high debt is holding back developing countries, and the effects of climate change are threatening lives and livelihoods around the world,” the statement added.
Finance Minister Dar not attending IMF-WB meetings
Earlier, Finance Minister Senator Muhammad Ishaq Dar will not participate in the annual spring meetings of the World Bank group and the International Monetary Fund (IMF).
The World Bank and IMF meetings are scheduled from April 10 to April 16 in Washington.
Earlier, Dar was ready to participate in the WB and IMF meetings, but he has given up his plan to visit Washington. He said that Prime Minister Shehbaz Sharif asked him to cancel his visit to Washington.
Now, the Finance and Economic Affairs Division secretaries and the Governor of the State Bank of Pakistan (SBP) will lead the Pakistani delegation in the meetings.
Meanwhile, Ishaq Dar has also cancelled his trip to the United Arab Emirates to discuss bilateral economic cooperation.
