World Bank (WB) President Ajay Banga praised Pakistan’s economic reforms during a high-level meeting with Prime Minister Shehbaz Sharif in Islamabad on Monday. Banga arrived in Pakistan for a four-day official visit to discuss the 10-year World Bank Country Partnership Framework.
During the meeting, Prime Minister Shehbaz Sharif welcomed Ajay Banga and highlighted the importance of Pakistan’s long-term partnership with the World Bank. The prime minister expressed appreciation for the Bank’s continued support in advancing Pakistan’s economic development and reform agenda.
Prime Minister Sharif emphasized that his government is implementing a comprehensive reform program tailored to national priorities to achieve sustainable economic stability. He noted that the World Bank has been a valuable partner in sectors including infrastructure, agribusiness, energy, digital growth, and financial reforms.
The prime minister also stressed the importance of effective implementation, urging fast-tracked execution and strong monitoring of development projects. He stated that such measures, aligned with the Country Partnership Framework, would help remove obstacles to progress. Additionally, Sharif reaffirmed the government’s commitment to job-led economic growth, investor confidence, and wide-ranging administrative reforms.
During the meeting, World Bank President Ajay Banga thanked the prime minister for the warm reception and praised the reform efforts undertaken by Pakistan. He reaffirmed the World Bank Group’s commitment to expanding cooperation under its “One World Bank Group” approach.
Ajay Banga highlighted that close coordination with development partners and the efficient use of resources are key to achieving the objectives of the reform agenda. He acknowledged Pakistan’s proactive approach in implementing policies that strengthen economic stability and development outcomes.
The meeting also provided a platform to discuss long-term priorities under the 10-year Country Partnership Framework, ensuring that future development projects are aligned with Pakistan’s national needs and strategic objectives.
Officials noted that this meeting strengthens the collaboration between Pakistan and the World Bank and signals a shared commitment to economic growth, reform, and sustainable development.
With both sides emphasizing implementation and monitoring, the meeting set the stage for closer cooperation in key sectors over the next decade.
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