World Bank acknowledges Pakistan’s progress on structural reforms

APP News Agency

14th Oct, 2021. 02:40 pm
World Bank

World Bank warns of inflation in low-income countries as energy prices rise. Image: File

ISLAMABAD: The World Bank on Thursday acknowledged that a lot of progress has been made on the implementation of structural reforms in various sectors by Pakistan, stressing that there was a need to keep up the momentum to achieve the projected growth targets.

According to a statement received here form the Embassy of Pakistan in the United States, the acknowledgement was made during a meeting of Federal Minister for Finance and Revenue Shaukat Tarin with World Bank vice president for South Asian Region Hartwig Schafer along with his team at the Embassy of Pakistan, Washington DC.

The finance minister reiterated that the government was fully committed to implementing structural reforms, protecting social spending and boosting social safety nets to protect the vulnerable segments of the society.

He appreciated the pivotal role being played by the World Bank in strengthening governance and service delivery through institutional reforms in Pakistan over the years.

Among others, Federal Minister for Energy Hammad Azhar; Federal Minister for Economic Affairs Division, Omar Ayub Khan along with their teams joined the meeting virtually.

State Bank of Pakistan Governor Reza Baqir, Ambassador Asad Majeed Khan, the Finance Division secretary and senior officials also participated in the meeting, the statement added.

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