Washington (TDI): Finance Minister Muhammad Aurangzeb held a meeting with World Bank’s Managing Director of Operations, Anna Bjerde, to discuss Pakistan’s development priorities under the Country Partnership Framework (CPF).
During the meeting, the Finance Minister highlighted the ongoing Joint Domestic Resource Mobilization Initiative (JDRMI), which has been launched with support from the World Bank and IMF.
He welcomed the World Bank Board’s recent decision to waive commitment fees for four years on Program-for-Results (PforR) and Investment Project Financing (IPF) instruments.
Also Read: Pakistan commends World Bank’s decision to resume CASA-1000 in Afghanistan
The Minister expressed appreciation for the Bank’s consideration of a grant facility to aid project preparation and acknowledged the smooth progress in IDA replenishment.
Both parties agreed on the need to sustain recent gains in disbursement rates.
Also Read: Aurangzeb Holds Key Talks with Global Partners
Additionally, the Finance Minister requested capacity-building workshops for implementing agencies to enhance project preparation and implementation processes.
