Abdul Hafeez Shaikh meets Officials of ADB, World Bank & IMF in Washington

WASHINGTON: The Adviser on Finance Abdul Hafeez Shaikh met the President Asian Development Bank (ADB) Takehiko Nakao in Washington, and apprised him about the steps taken by the incumbent government to curtail the current account and capital account deficits effectively.

The president ADB acknowledged the structural reforms undertaken by Pakistan towards economic stabilization.

Takehiko Nakao said that the Asian Development Bank is an important financial partner of Pakistean.

Separately, the financial adviser also met with the Vice President of World Bank’s South Asian Region Hartwig Schafer and his team.

During the meeting, they reviewed the World Bank’s portfolio in Pakistan and exchanged views on further steps to strengthen cooperation between Pakistan and the Bank.

Later, Hafeez Shaikh along with his delegation also met with the Director Middle East and Central Asia Department of International Monetary Fund (IMF) Jihad Azour, and discussed the implementation of the ongoing IMF program.

The IMF director appreciated the progress made towards economic stabilization as well as government’s commitment to the reform process.

Hafeez Shaikh also attended the informal meeting of the SAARC finance ministers that focused on trade facilitation within the SAARC region.

In another meeting between the Vice President of International Finance Corporation Nena Stoiljkovic and Hafeez Shaikh, the former expressed interest in providing advisory services for structuring public private partnership transactions.

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