Dar represents Pakistan at annual WB-IMF meeting

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar left for Washington on Tuesday to attend the annual World Bank-IMF meetings this week.

Dar is heading a delegation, representing Pakistan at the meeting. This will be his first official visit to Washington after assuming office as Finance Minister.

He is moreover scheduled to address the Pakistani business council.

Although the early meetings will start from October 11, a series of events were scheduled to start from Oct 7 in which top officials of the World Bank and the International Monetary Fund would discuss world economy with government leaders, delegates, observers and civil society representatives.

The issues scheduled for discussion include strengthening fiscal transparency standards and practices, improving government accounting, emerging markets, eradication of poverty, tax systems and monetary policies, development in the digital age, the Eurozone crisis, challenge of exiting from fragility, and transition to open government in the Arab world, among others.

According to sources, the finance minister is scheduled to meet the senior leadership of the international financial institutions, including World Bank and IMF. Dar will also meet with key officials of the US State Department and Overseas Private Investment Corporation (OPIC).

The annual gathering will provide an opportunity for the finance minister to interact with his counterparts from various countries to discuss opportunities for enhancing trade and economic cooperation

Senator Dar is also likely to meet his Iranian and Afghanistan counterparts at the meeting, and intends to apprise his interlocutors of Islamabad’s economic growth plan and development priorities.

Moreover, he is also expected to discuss cooperative ties between Pakistan and the US with key American officials.

According to the IMF, the annual meetings occur ahead of the meetings of the International Monetary and Financial Committee, the Development Committee, the Group of Twenty-Four, and various other groups of members.

At the end of their respective meetings, the International Monetary and Financial Committee and the Development Committee, as well as several other groups, will issue communiqués.