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Tuesday, September 8, 2009

IMF, EU leaders praise Pakistan's economic performance


GEO Business


WASHINGTON: Finance and Economic Affairs Adviser Shaukat Tareen met with top IMF leaders and ministers of major European powers here Saturday, who commended Pakistan's achievements in a short span of time and assured of their continued support for the country.




Tareen, who is leading a high-level Pakistani delegation to the annual World Bank-IMF gathering, had productive meetings with Managing Director, International Monetary Fund, Dominique Strauss Kahn, Deputy Managing Director Murilo Portugal and ministers of Germany, Britain, France, Turkey, Sri Lanka and Afghanistan.




The two Fund leaders and UK's Secretary of State for International Development Douglas Alexander commended the achievements Pakistan has made through its homegrown program. Ms Wieczorek-Zeul, Minister for Economic Cooperation and Development, Germany and IMF officials appreciated the courageous measures taken by Pakistan to correct the macroeconomic imbalances and achievements that have been made so far. They reaffirmed their commitment to support the country in meeting its economic challenges and establishing safety nets for the poor.




The advisor to the Prime Minister urged the United Kingdom to expand its area of work to include other provinces in addition to existing development operations in Punjab and NWFP. The German Minister vowed to provide support for social safety nets and also offered debt swap for HIV AIDS and Malaria Global Fund.




Tareen had also a meeting with Ramon Fernandez President, French Treasury. Pakistan proposes to seek assistance from France in areas of debt coordination, debt management and macroeconomic forecasting. In meeting with Mehmet Simsek, Turkish Minister of Economy, Pakistan and Turkey agreed to increase mutual trade volume as well as investment in various business opportunities. The finance advisor had good meetings with his counterparts from Afghanistan and Sri Lanka.

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