Aurangzeb Lauds WB’s Role in Supporting Developing Countries

Washington: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met World Bank Group Vice President Jorge Familiar Calder³n on the sidelines of the World Bank-IMF Spring Meetings 2026. During the meeting, the Finance Minister congratulated the Vice President on his recent appointment and highlighted the World Bank Treasury’s key role in supporting developing countries with access to capital markets, financial innovation, and effective debt and risk management.

According to Radio Pakistan, Mohammad Aurangzeb outlined Pakistan’s diversified financing strategy, including the use of Sukuk and ESG-linked instruments, efforts to access new international markets, and ongoing measures to strengthen the domestic bond market. He emphasized the need for technical support, advanced analytical tools, and specialized training for Pakistan’s Debt Management Office to enhance long-term financial stability. The Minister further said that a focal person would be designated to coordinate joint programs with the World Bank.