wbWORLD BANK MD APPRECIATES GOVERNMENT’S REFORM AGENDA

“I congratulate you on your leadership in designing and implementing critical reforms in energy, revenue-generation, and growth enhancing areas”, said Indrawati Mulyani, Managing Director of the World Bank, in a letter addressed to the Finance Minister Senator Ishaq Dar.

She said that the Bank is preparing to support government’s reforms with a series of Development Policy Credits (DPCs).

She appreciated the Government’s efforts to increase the tax net and on a policy to review SROs regime.

She added that it was a great achievement of the Government to clear the circular debt and hoped for reforms in improving the management of energy companies and attracting additional investment in natural gas.

She also thanked the Finance Minister for his guidance in shaping the World Bank Group’s new Country Partnership Strategy (CPS) for Pakistan, which is expected to be approved by the World Bank on May 1st, 2014. She observed that the strategy is aligned fully with the vision of Pakistan’s development challenges around the four ES “Energy, Economy, Extremism and Education.

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