Dr. Shamshad Akhtar, Pakistan’s Caretaker Finance Minister, has highlighted the nation’s unwavering dedication to fostering economic prosperity and promoting international financial cooperation. Her remarks were made during a significant meeting with IMF Chief Kristalina Georgieva, which included finance ministers from the Middle East, North Africa, and Pakistan (Menap), along with state bank governors in Marrakesh, Morocco.
The meeting served as a platform for discussions on pressing global economic issues and the collaborative initiatives that aim to bolster financial stability worldwide.
The discussions encompassed key global economic issues and collaborative efforts to strengthen financial stability. Dr. Akhtar's contributions underlined Pakistan's commitment to advancing economic prosperity and global financial cooperation. (2/2) pic.twitter.com/6yTgln3GEo
— Ministry of Finance, Government of Pakistan (@Financegovpk) October 15, 2023
Dr. Akhtar’s visit to Morocco, as part of the annual meetings of the World Bank and IMF, also included a meeting with the Senior Managing Director of the World Bank, Axel van Trotsenburg. Their discussions were centered on vital aspects of financial stability, revenue generation, and economic progress. This emphasizes Pakistan’s firm commitment to strengthening economic cooperation on a global scale.
Furthermore, Dr. Akhtar had the opportunity to engage with officials from credit rating agencies Moody’s and S&P. During these meetings, she reiterated the government’s steadfast commitment to transparency as a means to instill investor confidence and maintain a positive credit rating for Pakistan in the global financial markets.
Today at the #IMFMeetings, I met with the MENA and Pakistan finance ministers, and we brought the focus for the region back to inclusive growth priorities — job creation, shared prosperity, and enhanced voice for youth and underrepresented groups.
— Kristalina Georgieva (@KGeorgieva) October 15, 2023
In a separate meeting with the UAE Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini, both nations pledged to enhance economic cooperation and investment opportunities between Pakistan and the UAE. This underscores the importance of fostering strong economic ties, exploring financial opportunities, and promoting mutual economic growth through investment.
Both parties expressed optimism regarding the potential for advancing bilateral economic relations, signaling a commitment to working together for the betterment of both nations.
As Pakistan continues to navigate the complexities of global finance and economic cooperation, these interactions with key international figures and nations are crucial in establishing a foundation for mutual growth and prosperity.