Pakistan named to lead IMF and World Bank boards in 2027 for first time since 1953
- Pakistan has been named incoming chair of the Boards of Governors of the IMF and the World Bank Group for 2027.
- Its Economic Affairs Minister Ahad Khan Cheema was announced as chair at the annual meetings in Bangkok on Friday.
- • It is the first time Pakistan has held the post since 1953. Day-to-day powers at the World Bank rest with executive directors.
- Pakistan remains a borrower from the IMF, with about $4.8 billion disbursed so far under two ongoing programmes.
Source: moneycontrol.com
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