Monitoring Desk
ISLAMABAD: After about 30 years, a delegation comprising as many as nine executive directors of the World Bank Group is arriving in Pakistan on Monday.
Their visit is aimed to discuss economic development plans, investment opportunities and strategies for effectively implementing the recently approved $40 billion Country Partnership Framework (CPF) for the next decade.
Thus high level delegation will hold discussions with top government officials and visit different provinces to review development initiatives and formulate strategies.
During their visit, the WB executive directors will meet Prime Minister Shahbaz Sharif, Minister of Finance Muhammad Aurangzeb Khan and others, focusing on the country’s economic development plans, investment opportunities and strategies to effectively implement the $40 billion CPF for the next decade.
Apart from Islamabad, the delegation will visit Khyber Pakhtunkhwa (KP), Sindh and Punjab. They ill also hold talks with the representatives of Balochistan in Islamabad. The purpose of these visits is to provide a vision of local development challenges and opportunities in line with the World Bank’s commitment to promote sustainable economic growth in every region of the country.
The group will also meet business leaders, academicians and civil society personalities from various walks of life.
The World Bank Group is made up of five multilateral development institutions: the International Development Association (IDA), the International Bank for Reconstruction and Development (IBRD), the International Monetary Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
The visit of the delegation is very important in the backdrop of the recently approved CPF for Pakistan. Because this opportunity has become a model for other countries after the adoption of the new Country Engagement Framework by the World Bank. The strategic partnership aims to enhance economic resilience, support private sector growth and improve infrastructure across the country.
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