ISLAMABAD: According to The Express Tribune, the Ministry of Economic Affairs said on Friday that Pakistan will chair the boards of governors of the World Bank Group and the International Monetary Fund in 2027, the first time it has held the role since 1953.
The announcement came at the plenary session of the two institutions' annual meetings in Bangkok, Thailand. Economic Affairs Minister Ahad Khan Cheema will lead both boards for the year.
The ministry said Cheema was briefed by the World Bank's Corporate Secretariat and met outgoing chairman Carlos Carvalho Spalding. Cheema said Pakistan would work to amplify the voice of developing countries and secure effective, predictable development finance.
Pakistan's delegation in Bangkok is led by Finance Minister Muhammad Aurangzeb, who has highlighted a lower fiscal deficit, consecutive primary surpluses and improved foreign exchange reserves.
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