Malik meets World Bank VP to advance development projects

Discussions focus on energy security, infrastructure, water sector projects and policy frameworks

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ISLAMABAD:

Dr Musadik Malik, Federal Minister for Water Resources, met with Martin Raiser, World Bank Vice President for South Asia, in Islamabad to discuss strengthening cooperation and advancing development initiatives.

The meeting underscored a shared commitment to addressing challenges like energy security and fostering transformative projects. Both leaders highlighted the importance of collaborative efforts in achieving sustainable economic growth and development goals.

Malik expressed gratitude for the World Bank's ongoing support in critical sectors such as energy, infrastructure, and social development. "A robust collaboration with international partners such as the World Bank is pivotal in elevating our sustainable development ambitions, enhancing economic resilience, and uplifting communities," he noted.

Martin Raiser reaffirmed the World Bank's dedication to supporting transformative initiatives in the region, emphasising the need for tailored policy measures and strategic investments.

Key topics included a progress review of ongoing water sector projects, such as the Dasu Hydropower Project and the Tarbela Extension Project. Discussions also focused on strategies to improve infrastructure, enhance energy efficiency, and bridge developmental gaps through technological innovation.

Malik suggested that a capital investment management framework could improve project efficiency and enhance planning discipline. Raiser endorsed the idea, calling it an excellent initiative for mutual benefit.

The meeting concluded with both sides reaffirming their commitment to continued dialogue and collaboration. Senior officials in attendance included the Secretary for Water Resources, Kishan Abeygunawardana (Special Assistant to the Vice President), Mohammad Anis (Senior Energy Specialist and Programme Leader), and Eva Liselotte Lescrauwaet (Senior Operations Officer).