Shamshad for customizing IMF program in economic contexts of partnering countries

F.P. Report

ISLAMABAD: Caretaker Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar on Saturday emphasised the need for customizing the International Monetary Fund (IMF) programme according to the unique economic contexts of the partnering countries.

The Minister attended a significant event on the theme of “Making the IMF supported programs work” during the annual meetings of the World Bank and IMF  in Marrakech.

Based on her extensive experience in financial matters and her leadership in economic affairs, Dr. Akhtar shared her invaluable insights and perspectives for ensuring effective collaboration between governments and international financial institutions.

Finance Minister underscored commitment to address climate challenges: Caretaker Minister for Finance, Revenue, and Economic Affairs Dr  Shamshad Akhtar on Saturday underscored the commitment of Pakistan to address climate change challenges through comprehensive strategies and initiatives.

The Minister attended the seminar titled “Transforming Climate Action through Country Climate Development Reports” as part of the series of engagements during World Bank and International Monetary Fund annual meetings.

The session was also joined by representatives from Tajikistan and Malawi, said a press release issued by the Ministry of Finance. During the discussions, she also expressed firm resolve of the Finance Minister underscored the government for addressing climate change challenges through comprehensive strategies and initiatives.

The diverse panel of experts brought valuable perspectives and experiences to the table, facilitating a rich exchange of ideas and best practices for fostering international cooperation and knowledge-sharing in the global fight against climate change.

CEO BGM meets Finance  Minister: The Chief Executive Officer of Global Growth & Opportunity Division, Bill & Melinda Gates (BMG) Foundation, Mr. Mark Suzman, met the Caretaker Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar.

The meeting was held on the sidelines of annual meeting of the World Bank and International  Monetary Fund (IMF), said a press release issued by the Ministry of Finance.

Building on previous discussions in Pakistan, the meeting centered on Pakistan Digital Stack like  next generation of Raast supported Digital Public Infrastructure (DPI) which Pakistan can introduce with BMG Foundation’s help.

The meeting was followed by signing of a Memorandum of Understanding (MoU) between Ministry of Finance, Government of Pakistan with BMGF on the Pakistan Digital Stack.

This MoU solidifies the Foundation’s continued support for this digital infrastructure project, following the success of the Raast – Pakistan Instant Payment System. The National Financial Inclusion Council, chaired by the Finance Minister, will oversee the implementation of the Digital Pakistan Stack, marking a significant step toward fostering inclusive economic growth and development in Pakistan. (APP)