‘No time and respect’: World Bank, IMF chiefs refuse to meet Pakistani delegation

Published: September 25, 2011

‘Highly successful’ meetings were however held with lower management officials. PHOTO: AFP/ FILE

ISLAMABAD: 

The International Monetary Fund’s (IMF) managing director and the World Bank’s president have refused to meet the delegation being led by Finance Minister Dr Abdul Hafeez Sheikh in Washington. IMF’s senior deputy managing director Mr David Lipton however is scheduled to meet the Pakistani delegation today.

Meanwhile, during meetings with IMF’s lower level management, the organisation has agreed to provide technical assistance in areas of debt management, fiscal discipline and tax enhancements. Also, a schedule has also been agreed upon between the two entities under Article 4, to examine Pakistan’s economic progress. In this regard, a senior member of the delegation told Express that though Pakistan no longer needs to abide by the Standby Arrangement Programme (SBA) since the programme and its conditions no longer exist, but even then they have told the IMF that they will still follow its conditions. The member said that though IMF’s managing director Christine Logarde and the World Bank’s president Robert Vilke had refused to meet the Pakistani delegation, but nonetheless ‘highly successful’ meetings were held with other management officials from both organisations.

Sources said another meeting will be held today with IMF’s senior deputy managing director. They added that finance minister has met World Bank and IMF officials on the sidelines, while requesting them for technical assistance in three specific areas. Officials of the Pakistan embassy in Washington were unavailable for comments.

(With additional reporting by Huma Imtiaz in Washington DC)

Published in The Express Tribune, September 25th, 2011.

Reader Comments (33)

  • Feroz
    Sep 25, 2011 - 11:31AM

    When PM Gilani could not fix a meet with Obama he cancelled his US trip. In the refusal to meet was a clear message. That the Pakistani delegation is unable to make headway in talks with the WB and IMF is a corollary to the earlier message. Once the country is selective about what help it takes and what help it refuses one assumes that policy makers know the fruit of brinkmanship is a long, winding and lonely road. If challenging a Super Power can bring great rewards why crib ?

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  • Sep 25, 2011 - 11:33AM

    what a shame, meeting the 2nd tier of IMF/WB. money makes you do silly things.

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  • Pragmatist
    Sep 25, 2011 - 11:33AM

    You can only promise to do something and not do it so many times before your credibility hits zero. You can’t just take the money and ignore the conditions that come with the loan.

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  • khalis
    Sep 25, 2011 - 12:00PM

    thook ke chatna.

    drum beating by saying we dont require west and western money thru imf blah blah and then going to them for further assistance

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  • ADNAN AHMED HASHMI
    Sep 25, 2011 - 12:39PM

    Akheer baizti…a disrespect well deserved !!!

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  • Lady Gaga
    Sep 25, 2011 - 12:44PM

    do you really blame them? – not much left to respect in pakistan these days

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  • Pundit
    Sep 25, 2011 - 12:50PM

    If there were no appointments what did the Finance Minister travel to US for? Just ask the Paki Embassy to do the shopping and send the goodies home….why burn the fuel?

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  • Shoaib Abbasi
    Sep 25, 2011 - 1:05PM

    I believe this is happen because of current US PAK relations, i don’t know why IMF or World Bank clearly giving message to the world that they will do what America want them to do so, as pakistani i still feel proud and i reckon that we should start exploring our natural resources and stop begging IMF etc…

    We need good leadership thats it.

    Shoaib.

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  • H.A. Khan
    Sep 25, 2011 - 2:15PM

    Finance Minister on his flight back at 35,000 feet should really reflect on his performance and consider quitting along with Chairman FBR.

    VAT/RGST, IMF programme, Inflation, devaluation of Pak Rupee, high deficit……..

    these are all failures during his tenure.

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  • indian hindu
    Sep 25, 2011 - 2:50PM

    where is the gairat now????

    have pakistanis ever thought that they are their biggest enemies.
    trade with India could have helped them some years earlier. but now, i dont think that even that could rescue them.
    pak’s entire domestic production is in grip of chinese dragon with cheap imports. china systematically cripple ur industry and that will be the reward of great friendship with dragon.

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  • Straight_Talk
    Sep 25, 2011 - 2:57PM

    Pretty much on expected lines. The repercussions have begun. Pakistan is entering a tunnel. Soon there will be the expected darkness and solitude. The risks are like how long is the tunnel, is there an opening at all at the other end and if yes where does it open to ? Pakistan seem to show it has figured out everything in its plan but i doubt if it has fully factored in all the probabilities. I personally feel Pakistan is entering a showdown that will make it the battlefield where big powers will decide the future world order. Benefits will be almost nil and the biggest casualty will be the state Pakistan itself.

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  • Shahzad
    Sep 25, 2011 - 3:10PM

    Yes, it’s good for people of Pakistan & bad for the Govt (Bheek mangay). This always happen when you put all your hopes on others except ALLAH. Our society is hugely involved in corruption from top to bottom. The need of the hour is to look into ourselves rather then looking others for help.

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  • Parvez
    Sep 25, 2011 - 3:50PM

    They correctly chose not to meet with the Finance Minister as they understand that he does not have the final say in the countries financial management.
    Completely agree with comment by @Pragmatist.

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  • Menon
    Sep 25, 2011 - 4:10PM

    C’mon now, your foreign exchange coffers are overflowing according to earlier reports. Didn’t your leaders declare that Pakistan doesn’t need IMF money? What is the problem? WB and IMF just want to spend their time on productive things such as meeting with those who need help.

    Pakistan’s leadership should tell President Obama “We are not going to take this double standard any more” and if he doesn’t change, the US is going to loose and all important ally.Recommend

  • KiJ
    Sep 25, 2011 - 4:20PM

    This can’t happen without US Treasury’s instructions to the IMF/WB heads… another indicator of Pak-US relations… economic sanctions in the making???

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  • sam
    Sep 25, 2011 - 4:21PM

    Time to wake up and focus on our economy. Their are many other things we can do to fix this country than taking loans from IMF.

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  • Sheesh Valla Kabob minus Haleem Bhai
    Sep 25, 2011 - 4:28PM

    I am curious, are the topic headings “made in Pakistan or imported?
    In any case, the beggars are not The Nation or teh country but the rulers so for the trolls, pls leave us out!

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  • Sad but true
    Sep 25, 2011 - 4:49PM

    I see nothing wrong with this. Afterall most of the Paki have advised/suddested that no aid or help from anyone. They got their wish. Anyone for grass?

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  • Sad but true
    Sep 25, 2011 - 4:54PM

    Let the Western nations freeze all the assets of the politicians and of the establishment holding power since 2001 and announce it. Free these assets into Finance Ministry

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  • Dr.A.K.Tewari
    Sep 25, 2011 - 6:08PM

    The economic sanction could be an effective tool at this crucial juncture when Palkistan is running for developing a new kind of power balance in Asia ,

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  • Niaz Hussain Shah
    Sep 25, 2011 - 7:05PM

    Beggars cannot be choosers. This is about time that we should realise that we are a free nation. America and its controlled organisations & monetary institutions can never be Pakistan’ friends. we should try to live on our own resources and say bye to anti Pakistan forces. Inshallah Pakistan is going to stay on the map of the world for eternity.

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  • Was A Pakistani
    Sep 25, 2011 - 7:35PM

    Great news! I am happy we are heading for fiscal melt down… it is going to be the precusor for wholesale change.

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  • malik
    Sep 25, 2011 - 8:27PM

    World Bank and IMF need us more than we need them !! hehe

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  • CitizenoftheWorld
    Sep 25, 2011 - 8:38PM

    … The IMF wasn’t giving the remaining tranches anyways … we had decided not to continiue with a very good IMF programme 9as IMF programmes go) …

    … so this seemed t me to be a ‘relationship’ exercise … or a gimmick for public consumption … which has blew up in PPP Govt.’s face …

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  • Hmmm
    Sep 25, 2011 - 10:25PM

    I can;t imagine that Obama refused to meet Gillani but was ready to meet Pakistani Foreign Minister …. now either Media is a big lair (which I believe is and promotes all baseless news) …. or either Obama had no Idea that Hina Rabbani Khar was Pakistani Foreign Minister ……

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  • Doctor
    Sep 25, 2011 - 10:50PM

    Time to put our (lack of) money where our (big) mouth is. Pakistan has lost all credibility in the world. The government has lied time and time again and refuses to face the truth – that we are a country overrun by Islamic, Sunni, Wahabi fundamentalists and terrorists who don’t want any peace for any minorities, that we are a highly corrupt society where the Armed Forces sap the lifeblood out of the country, and we can’t even live peacefully as Pakistanis – we split into Pashtuns, Hazaras, Baloch, Punjabi, Sindhi, Kashmiri, etc.

    Fix Pakistan before we expect anyone else to help us.

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  • Cynical
    Sep 26, 2011 - 4:30AM

    Pakistan does not need IMF or World Bank aid as much as it was in the past.China will be too happy to assist Pakistan, to keep US away and India in the jitters.

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  • Babloo
    Sep 26, 2011 - 6:46AM

    Has the ISPR, Foreign Office, Khar, Gelani, Zardari, Malik issued any statements against IMF, WB for this insult ? Why not ?

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  • ayesha
    Sep 29, 2011 - 10:28AM

    @Hmmm:
    “I can;t imagine that Obama refused to meet Gillani but was ready to meet Pakistani Foreign Minister”
    Well Obama DID NOT meet HRK. IT is Hillary Clinton who met her. Please get your facts right.

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  • Raj
    Oct 10, 2011 - 12:28AM

    Trade Not Aid. Who needs IMF and World Bank assistance. Pakistan can strengthen the value of its rupee by delinking from US Dollar and pegging it to chinese Yuan.

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  • R. Khan
    Oct 10, 2011 - 1:58PM

    We are shameless people! After all that double crossing USA, how do we expect that IMF, World Bank & other lending agencies would meet us. USA controls all these agencies.

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  • Surya
    Oct 11, 2011 - 1:23PM

    @Shoaib Abbasi:
    For that to happen, you’ve to stop exploiting your “Strategic Human Resources” i.e. Terrorist Networks..Period.

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  • trueman
    Oct 11, 2011 - 3:25PM

    Looks like IMF dont fund terror any more. Saud’s would be a better option. Let the oil money flow in.

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