World Bank president appreciates Pakistan's reform process

Remarks were made during IMF, World Bank meetings in Washington


News Desk April 11, 2019
The logo of the World Bank. PHOTO: AFP

World Bank President David Malpass appreciated Pakistan's reform process and assured the country of continued support, Radio Pakistan reported on Thursday.

During the ongoing International Monetary Fund (IMF) and World Bank meetings in Washington, Finance Minister Asad Umar apprised Malpass on Pakistan's macro-economic situation. He also elaborated on the nation's financial woes.

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On the occasion, the finance minister also met the first deputy managing director of the IMF and discussed the ongoing negotiations with the top funding body.

Umar also had a business roundtable with members of the US-Pakistan Business Council. The council sought support from the government, expressing interest in the Pakistani market. During the conversation, the finance minister maintained that the nation is willing to expand trade by allowing foreign investors to fund.

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Prime Minister Imran Khan is personally monitoring the reform process, added Umar.

In February, IMF chief Christine Lagarde said that the organisation was ready to support Pakistan in its efforts to shore up the crippling economy. PM Imran appreciated IMF’s support to Pakistan and shared his vision for nation-building.

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