Ends visit to Pakistan after discussing reforms with World Bank senior officials and officials
ISLAMABAD: A senior World Bank official on Wednesday concluded a three-day visit to Pakistan by discussing Islamabad’s fiscal and economic reforms with Prime Minister Shehbaz Sharif and key government ministers, the international body said in a statement.
Martin Reiser, World Bank Vice President for South Asia, arrived in the federal capital on May 6, saying Pakistan faces a chronic balance of payments crisis and is forced to rely on the International Monetary Fund (IMF) for a new long-term policy. This visit was made in a difficult situation. Term relief agreement.
Pakistan has historically faced challenges in revenue generation and government spending, suffering from high levels of debt, large fiscal deficits, and the continued need for structural reforms to improve fiscal sustainability.
“World Bank Vice President for South Asia Martin Reiser today concluded a three-day visit to Pakistan, reaffirming the Bank’s support for stabilizing the economy and accelerating inclusive and resilient growth.” It is written in the press release.
The newspaper said Raiser met with Ministers of Finance, Water, Power, Energy and Petroleum Sharif and discussed Pakistan’s development priorities.
“Discussions focused on economic and fiscal reform, human capital development, climate change adaptation, energy sector reform, and digitalization as a foundational enabler and catalyst for development,” the World Bank added. \
Mr. Reiser announced Pakistan’s reform plan to boost growth and attract private investment, strengthen resilience to climate change, and invest in human capital to tackle difficult challenges such as child stunting and poverty. He said he was happy to know.
World Bank officials also visited Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province and met with Prime Minister Ali Amin Gandapur.
“Discussions focused on rural development priorities and how the World Bank can strengthen support in key areas such as education, water and sanitation, health, rural roads, and livelihoods,” the statement said. Stated.
He also attended a national conference on education in Islamabad where Prime Minister Sharif also spoke. Mr. Reiser reaffirmed the World Bank’s commitment to urgent action to address Pakistan’s large number of out-of-school children.
