WASHINGTON: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has commended the World Bank’s contributions to aiding developing countries. Aurangzeb met with Jorge Familiar Calderón, Vice President of the World Bank Group, during the World Bank-IMF Spring Meetings 2026, where he acknowledged the institution’s efforts in facilitating access to capital markets and financial innovation.

According to Radio Pakistan, the Finance Minister extended congratulations to Calderón on his recent appointment and emphasized the World Bank Treasury’s pivotal role in supporting countries like Pakistan. Aurangzeb discussed Pakistan’s financing strategy which includes utilizing Sukuk and ESG-linked instruments, striving to enter new international markets, and reinforcing the domestic bond market.

Aurangzeb further highlighted Pakistan’s requirement for technical support, advanced analytical tools, and specialized training aimed at bolstering the Debt Management Office’s capabilities for sustained financial stability. He also mentioned that a focal person would be appointed to coordinate joint initiatives with the World Bank.