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ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif acknowledged the World Bank Group&rsquo;s valuable support, which has been instrumental in advancing the country&rsquo;s economic development and reforms, state-run Associated Press of Pakistan (APP) reported on Monday. He was talking to World Bank Group (WBG) President Ajay Banga, who called on him at the PM House. Sharif <a href="https://www.pakistantv.com/article/come-and-visit-us-pakistan-sees-market-at-the-cusp-of-transformation" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">welcomed </a>Ajay Banga on his first official visit as president of the WBG. The prime minister appreciated the <a href="https://www.pakistantv.com/article/pakistan-missing-60bn-export-potential-warns-world-bank" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">WBG </a>for its long-standing partnership with Pakistan and its commitment to supporting the country&rsquo;s development priorities, especially through the 10-year World Bank Group Country Partnership Framework (CPF). Impactful development partnerThe premier also appreciated Banga&rsquo;s leadership in transforming the WBG into a more impactful development partner. He stated that the government was vigorously working on an economic reform agenda with a multi-pronged, comprehensive, structural, homegrown program aimed at sustainable economic stability. The prime minister appreciated the support of the WBG in resilient infrastructure, agribusiness, digital development, energy, human capital, fiscal reforms, and increasing productive private investment for job creation and growth. PM Shehbaz and Banga reiterated the need to fast-track implementation and ensure strong oversight to deliver impact at speed and scale on CPF-aligned priorities. These measures would duly assist the prime minister&rsquo;s initiative to address and resolve implementation bottlenecks in development projects. Commitment to structural reformsThe prime minister expressed the government&rsquo;s commitment to structural reforms that would unlock job-rich growth and further strengthen investor confidence. Banga expressed his gratitude to the prime minister for his reception and hospitality in Pakistan. Banga commended the Government of Pakistan&rsquo;s ongoing reform efforts and reaffirmed his commitment to deepening cooperation through a One World Bank Group approach. He added that greater leverage of private resources, in addition to strong coordination with development partners, was necessary to meet the ambitions of the government&rsquo;s reform agenda.

Economy

The prime minister appreciates the support of the WBG in resilient infrastructure, agribusiness, digital development, energy, human capital, fiscal reforms, and increasing productive private investment for job creation and growth.

Articles tagged with "Economic Development"

PM Sharif lauds World Bank support for Pakistan’s economic development, reforms

PM Sharif lauds World Bank support for Pakistan’s economic development, reforms