The Islamic Development Bank’s (IDB) president, Dr Sulaiman Al Jasser, offered assurances to Prime Minister Shehbaz Sharif on Thursday, stating the financial institution’s commitment to continued support to Pakistan.
During a phone call with the PM, President IDB expressed solidarity with Pakistan, which he termed a brotherly country. The PM’s office confirmed these exchanges.
Prime Minister Sharif voiced his gratitude towards the IDB, acknowledging the vital role played by the bank’s donation of one billion dollars in finalizing Pakistan’s standby agreement with the International Monetary Fund (IMF). He noted that the IMF deal would have been challenging to achieve without the IDB’s backing.
Recognizing the IDB as a significant ally of Pakistan, the PM emphasized how the bank had come to the country’s aid during difficult times. He reminded Al Jasser of their meeting in France and expressed eagerness to fortify the partnership between Pakistan and the IDB.
Special Investment Facilitation Council
The PM briefed Al Jasser about the recently established Special Investment Facilitation Council. This body aims to foster investment in diverse sectors across the country. He invited Dr Sulaiman Al Jasser to visit Pakistan, presumably to explore collaborative opportunities further.
Before interacting with the IDB president, PM Shehbaz Sharif expressed his gratitude to the Managing Director (MD) of the International Monetary Fund, Kristalina Georgieva, for the IMF’s approval of a $3 billion loan for Pakistan.
In a tweet, Sharif outlined how the approved Stand-by Agreement was a crucial stride in the government’s mission to stabilize the economy and achieve macroeconomic stability. He highlighted how this development would provide fiscal space for the next government to navigate future economic challenges.
In conclusion, Sharif commended the efforts of Finance Minister Ishaq Dar and his team for their tireless work. Thanks to IMF’s MD, Kristalina Georgieva, and her team, for their support and cooperation.
