World Bank to continue working with Pakistan: CEO | Pakistan

NEW YORK: CEO World Bank Kristalina Georgieva expressed the commitment to continue to work with Pakistan and appreciated the progress made by Pakistan in stabilising the macroeconomic framework.

Georgieva had called on Prime Minister Shahid Khaqan Abbasi in New York on Wednesday, according to press release.

The CEO also expressed the commitment to continue supporting further reforms in Pakistan.

She also appreciated the role of Pakistan in the Indus Water Treaty. The CEO termed Pakistan’s role in Indus Water Treaty as positive and constructive and said the World Bank was now finding out a way to move forward in the Treaty.

Responding to this, PM Shahid Khaqan Abbasi said that Pakistan has no ambiguity on the terms of the treaty. “We also want to remain engaged with World Bank to find a mutually negotiated solution.”

PM thanked the CEO for World Bank’s support in Tarbela-4, Tarbela-5 and Dasu Hydropower Project.

The Prime Minister also asked for World Bank’s support for Diamer Bhasha Dam which is critical to water security needs of the country.

“We are prepared to work on some innovative solutions like separating water and power components of the project,” the PM added.

The two sides agreed to continue the engagement and cooperation.

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