Prime Minister Shehbaz Sharif on Friday emphasised the need to further strengthen collaboration with the United Nations in the areas of sustainable development and climate change.
He reaffirmed Pakistan's strong political commitment to advancing the objective of combating climate change in close collaboration and partnership with the international community and the UN.
The prime minister was talking to UN Resident Coordinator in Pakistan, Mohamed Yahya, who paid a courtesy call on him.
During the meeting, the prime minister appreciated the important work being carried out by the UN Country Team in Pakistan. He conveyed his warm regards for UN Secretary General Antonio Guterres, while fondly recalling his strong leadership in galvanising global support for Pakistan during the 2022 floods.
IFC's role
Prime Minister Shehbaz Sharif met with Makhtar Diop, Managing Director and Executive Vice President of the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group (WBG), to discuss IFC's ongoing and pipeline portfolio in Pakistan.
He appreciated the WBG's recently launched new decade-long Country Partnership Framework (CPF) (2026-2035) with its unprecedented commitment of $40 billion. It would include sovereign lending of $20 billion by the International Development Association (IDA) and International Bank for Reconstruction & Development (IBRD). IFC will mobilize another $20 billion to foster private sector investments in Pakistan.
The prime minister lauded IFC's role in fostering private sector investments and expanding portfolio in Pakistan.
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