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Friday, June 25, 2021

World Bank Vice President meets Finance Minister

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ISLAMABAD: Ms. Isabel M. Guerrero Vice President, World Bank, South Asian Region met Syed Naveed Qamar, Finance Minister here on Friday. She was accompanied by her predecessor, former World Bank Vice President, Mr. Praful C. Patel and other members of World Bank Team.

Finance Minister briefed the visiting World Bank delegation about the series of measures taken by the government to stabilize the economy. He reiterated the present government’s commitment to stabilize the economy at the earliest and reaffirmed willingness to take additional measures.
He also stated that while addressing the economic challenges the government is also making efforts to protect the poor and deserving segments of the society from rising prices through the Benazir Income Support Programme.

Promoting economic growth with emphasis on commodity producing sectors, job creation, poverty alleviation, restoring macroeconomic stability and building foreign exchange reserves are the top most agenda of the democratic government. He invited the development partners like the World Bank to play their roles in assisting the government in achieving its objectives.

Finance Minister also briefed the visiting delegation about the ongoing political developments in the country and informed that with the election of the President of Pakistan the country will come back to a stable political environment which is essential for achieving the economic objectives of the government.

The visiting Vice President of the World Bank appreciated the efforts made so far by the government in addressing economic challenges. She was of the view that the directions of the policy measures are right but more concerted efforts are required to achieve macroeconomic stability.

The World Bank as a key development partner is willing to play its due role in assisting Pakistan in its effort to promote growth, poverty reduction, restoring macroeconomic stability, building foreign exchange reserves, and building physical and human infrastructure. The World Bank is also willing to assist Pakistan from the experiences of Latin American countries in devising targeted social safety mechanism which will be beneficial for the Benazir Income Support Programme.-SANA

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