Ishaq Dar Backs Out of IMF-World Bank Meetings Scheduled
Due to the current political uncertainty in the country, Finance Minister Ishaq Dar has canceled his scheduled trip to the United States to attend the World Bank-IMF spring meetings.
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He had planned to discuss concerns regarding the government’s continuity, future economic plans, and building trust with multilateral lenders.
Consequently, Minister of Economic Affairs Sardar Ayaz Sadiq will also not travel to the United States, and the government will now be represented at the meetings by Finance Secretary Hamed Yaqoob Sheikh and Economic Affairs Secretary Kazim Niaz.
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The finance minister’s withdrawal may also lead to the cancellation of meetings with his Saudi Arabian counterpart and the UK state minister for development. Dar was expected to meet with the IMF’s Mission Chief in Pakistan and representatives from three international credit rating agencies during his trip.
Although it’s uncertain whether he’ll get to meet with Managing Director Kristalina Georgieva, the Pakistan delegation may still meet with IMF’s deputy managing director Antoinette Sayeh, who follows Pakistan closely.
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Some reports suggest that diplomatic protocol issues may prevent low-ranking dignitaries from meeting with leaders of multilateral institutions and finance ministers from various countries.
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