Miftah meets IMF, WB, ADB reps in Washington, discuss economic outlook

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ISLAMABAD: Visiting Pakistan delegation led by Dr Miftah Ismail, Adviser to Prime Minister on Finance, Revenue and Economic Affairs participated in the IMF / World Bank spring meetings 2018 in Washington. The delegation attended a number of bilateral meetings on the sidelines of the main event.
These included a meeting with IMF’s Deputy Managing Director Mitsuhiro Furusawa and his team on Pakistan’s economic performance; a discussion of Pakistan’s ongoing World bank engagements with the World Bank team led by the Vice President for South Asian region
Ethel Sennhauser, and a review of IFC’s project portfolio and potential initiatives in Pakistan with the IFC team led by Vice President for South Asia Snezena Stoiljkovic.
The adviser briefed the World Bank and IMF officials about the current economic situation in Pakistan. He pointed out that Pakistan was set to achieve a high GDP growth rate during the current year again and was hoping to maintain this momentum in the coming years due to the robust performance of the real sector in the economy. He also drew attention to improvements in the country’s exports resulting from various policy initiatives implemented by the government.
On the sidelines, the advisor also met Asian Development Bank (ADB) President Takehiko Nakao and discussed Pakistan’s portfolio and future development initiatives where ADB could assist the government of Pakistan. ADB President assured the advisor of the bank’s continuous support and role as Pakistan’s major development partner. He also invited the advisor to attend ADB board of governors meeting in Manila next month.
In the meeting with the Afghan Finance Minister Eklil Hakimi, the two sides discussed various issues adversely impacting trade flows between the two countries and agreed to set up working groups to resolve them. The first joint meeting is expected to take place in early May.
The adviser also spoke on the development impact of the Belt and Road Initiative (BRI) in Pakistan in a high-level roundtable chaired by the World Bank President, Jim Yong Kim.
The delegation accompanying the adviser Finance includes the State Bank of Pakistan’s (SBP)Governor and Secretary Economic Affairs Division. Pakistan’s Alternate Executive Director at the World Bank and Economic Minister at the Embassy of Pakistan in Washington DC also assisted the delegation.