WASHINGTON: Pakistan’s Finance Minister Muhammad Aurangzeb has arrived in the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, which are being held from October 21 to 26 in Washington, D.C.
During his visit, the minister is set to participate in high-level discussions with officials from both institutions, with a key focus on issues like climate financing. Pakistan is expected to request between $1.5 to $2 billion from the IMF to address the impacts of climate change. This funding is critical as Pakistan continues to grapple with the long-term consequences of extreme weather events.
Key Meetings
Finance Minister Aurangzeb will engage in talks with senior officials on economic policies, financial assistance, and climate-related challenges. He is also scheduled to meet with his counterparts from countries including China, the United Kingdom, Saudi Arabia, the UAE, and Turkey.
Additionally, the finance minister will hold discussions with officials from the U.S. State and Treasury Departments to strengthen economic and strategic partnerships. Meetings with representatives from international credit rating agencies and investment banks from the Middle East are also on the agenda, aimed at improving Pakistan’s credit rating and attracting foreign investment.
Aurangzeb is expected to address various investment forums and seminars, providing insights into Pakistan’s economic situation. He will also visit American think tanks and meet with selected members of the international and U.S. media to discuss Pakistan’s economic challenges and opportunities.
The outcomes of these discussions are likely to play a crucial role in shaping Pakistan’s financial recovery and its strategy for climate resilience.
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