WASHINGTON, October 13, 2022 — Today, World Bank Group President David Malpass met with Muhammad Ishaq Dar, Minister of Finance and Revenue and Sardar Ayaz Sadiq, Minister of Economic Affairs of Pakistan.
President Malpass expressed his condolences for the loss of lives and livelihoods due to the devastating floods. President Malpass highlighted that Pakistan is among the countries most affected by climate change causing devastating damage to infrastructure and agriculture production. President Malpass reaffirmed the World Bank Group’s (WBG) ongoing commitment to support urgent needs in health, food, shelter, and cash transfers, as well as accelerating the preparation of new operations to rebuild in a more resilient way. President Malpass noted the WBG’s active engagement in raising assistance from bilateral donors.
President Malpass emphasized to the Ministers the importance of predictable economic policies to restore macroeconomic stability and market confidence. President Malpass also encouraged the government to focus on the implementation of Pakistan’s fiscal and energy reforms to stabilize the economy and lay the foundation for a sustained growth.