Mohammad Ishaq Dar meets Managing Director World Bank

Islamabad, April 20, 2015 (PPI-OT)Federal Minister for Finance Senator Mohammad Ishaq Dar met Ms Sri Mulyani Indrawati MD World bank and discussed the World Bank program portfolio in Pakistan. Finance Minister thanked MD World Bank for her support for Dasu Hydropower Project and CASA1000 which were on track. Finance Minister stated that CASA1000 project signing ceremony was scheduled for next week and the project will improve regional integration. Finance Minister expressed hope that World Bank will continue to support Pakistan in its reforms for energy sector and economic growth.

Ms Sri Mulyani Indrawati congratulated Finance Minister on successful 6th review of IMF program and expressed hope that Pakistan will continue its economic policies and reform agenda. She said that it was heartening that Pakistan was able to meet all performance criteria for 6th review which proved that economy was on right path. Ms Sri Mulyani Indrawati stated World Bank was examining two interventions to support Pakistan to continue reforms in energy sector and boost growth. She said that World Bank was glad to be Pakistan’s partner in development and wanted to resolve problems in energy sector. She reiterated that World Bank wanted to ensure inclusive growth and observed that the proposed interventions would bring further reforms in energy sector and take growth to a higher trajectory.

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