WB MD arrives to assess country’s reform plan

ISLAMABAD: World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati arrived here on Saturday on a three-day visit to Pakistan. She is accompanied by Annette Dixon, Vice President for the South Asia Region of the World Bank.
During her visit, Indrawati will meet the leadership in Pakistan to update herself on Pakistan’s reform programme and discuss what support the World Bank can provide for it.
“The government has successfully stabilised the economy and it now needs to sustain reforms”, said Indrawati.
“I am happy to be visiting when the country is poised to move from the phase of economic stabilisation to sustainable and equitable growth by deepening reforms and investments.” Indrawati will also visit development projects, meet with private sector, beneficiaries, and youth representatives, and exchange ideas with academia and think tanks. The World Bank Group’s programme in Pakistan is governed by its Country Partnership Strategy (CPS) agreed with the government. The World Bank Pakistan portfolio has 25 investment lending projects under implementation with a total net commitment of $4.95 billion. IFC, the World Bank Group’s private sector arm, has a committed portfolio of about $1.2 billion in 47 companies, of which infrastructure (energy, ports, and transport) accounts for 53 percent, general manufacturing and services 15 percent, and financial markets 32 percent.