Pakistan to Chair IMF and World Bank Group Boards in 2027
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What happened
Pakistan will assume the chairmanship of the Boards of Governors of the World Bank Group and the International Monetary Fund in 2027. This marks the country's first return to the position since 1953. Ahad Khan Cheema, Federal Minister for Economic Affairs and Pakistan’s Governor to the World Bank Group, was announced as the incoming chair during the 2026 WBG–IMF Annual Meetings in Bangkok.
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Why it matters
The chairmanship provides Pakistan with an opportunity to contribute to global economic and development discussions and facilitate constructive dialogue among member countries. This aligns with Pakistan's ongoing efforts to seek cooperation on financial innovation with the World Bank Group and the International Monetary Fund.
Pakistan is exploring digital finance opportunities and seeking cooperation on financial innovation with the International Monetary Fund, IFC, and World Bank Group.
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Who's involved
- PakistanSovereign state assuming the chairmanship of the IMF and World Bank Group Boards of Governors.
- International Monetary FundInternational financial institution whose Board of Governors Pakistan will chair.
- World Bank GroupGroup of international organizations whose Board of Governors Pakistan will chair.
- ThailandCountry hosting the 2026 WBG–IMF Annual Meetings in Bangkok.
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The entities involved
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Pakistan
sovereign state in South Asia
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International Monetary Fund
international financial institution
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World Bank Group
group of five international organizations that make leveraged loans to developing countries