Pakistan and World Bank agree to speed up reforms for transparency

Pakistan and World Bank agree to speed up reforms for transparency

Pakistan World Bank News

ISLAMABAD: Pakistan and World Bank (WB) have agreed  to speed up
reforms process that will bring efficiency and transparency in the system.

Finance minister Mohammad Ishaq Dar and WB Country Director
Patchamuthu Illangovan held a meeting here and discussed various ongoing
reform initiatives being undertaken by the government.

The minister reviewed the country development portfolio of the World Bank
in Pakistan and progress on implementation of various projects being executed
with World Bank’s assistance was also reviewed.

The Finance Minister expressed satisfaction over the pace of project implementation
and appreciated the cooperation offered by the World Bank team to Pakistan
in its various development projects.

Ishaq Dar apprised the World Bank team about the government’s reform agenda
which was especially focused on reforms in the financial, insurance and banking sectors.

The Country Director World Bank appreciated the performance of the
current government in introducing reforms and discussed with the Finance
Minister the proposed financial assistance package to be made available to Pakistan
under Finance for Growth Development Policy Credit.

The meeting was attended by Secretary Finance, Chairman Securities and Exchange
Commission of Pakistan and other senior officials of Ministry of Finance and the World Bank.

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