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Tuesday, July 1, 2025

World Bank Appoints New Country Director for Pakistan

Islamabad (TDI): World Bank has appointed a new Country Director for Pakistan, Bolormaa Amgaabazar effective from July 1, 2025. She is succeeding Najy Benhassine in this role.

“I am delighted to be appointed the World Bank’s new Country Director for Pakistan,” said Amgaabazar”, according to a World Bank press release on June 30th. 

She also said, “The World Bank and Pakistan have a long-standing partnership that has benefited millions of people over generations. I look forward to deepening our engagement with the federal and provincial governments, local institutions, civil society, the private sector, development partners, and other stakeholders.”

“We will continue to support Pakistan to address some of its most acute development challenges including child stunting, learning poverty, its exceptional exposure to the impacts of climate change, and the sustainability of its energy sector,”  she added.

Amgaabazar is a Mongolian national and she has worked for over two decades of international development experience. In 2004, she joined the World Bank and has formerly worked in East Asia, Pacific, Africa, Eastern Europe and Central Asian regions.

She has also held managerial  positions in the country’s bank offices in Kyrgyz Republic and recently in Indonesia and Timor-Leste. Before joining the bank, Amgaabazar worked in international development in Mongolia, Timor-Leste and Indonesia.

Her appointment comes at a time when the World Bank and Pakistan have renewed their development cooperation under the newly launched $40 billion Country Partnership Framework (CPF) for 2026–2035.

The World Bank Group started operating in Pakistan in 1950,  the International Bank for Reconstruction and Development, the main lending arm of the Bank, has provided over $48.3 billion in assistance.

The International Finance Corporation, which mainly focuses on private sector development has invested approximately $13 billion to enhance private sector led solutions, and the Multilateral Investment Guarantee Agency, which offers political risk insurance and credit enhancement to encourage foreign direct investment, has provided $836 million in guarantees.

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An IR student whose interest lies in diplomacy and current affairs and a part time debater

Khushi Naveed
Khushi Naveed
An IR student whose interest lies in diplomacy and current affairs and a part time debater

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