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Pakistan to Chair IMF and World Bank Boards for First Time Since 1953
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News18•16-10-2026, 14:45
Pakistan to Chair IMF and World Bank Boards for First Time Since 1953
- •Pakistan has been named the incoming chair of the Boards of Governors of the IMF and the World Bank Group for 2027.
- •Minister for Economic Affairs Ahad Khan Cheema was formally announced as the incoming chair during the 2026 WBG-IMF Annual Meetings in Bangkok.
- •This historic milestone marks Pakistan return to the position for the first time since 1953.
- •The chairmanship will allow Islamabad to contribute to global economic discussions and foster dialogue among member countries.
- •Pakistan is currently engaged with the IMF under a USD 7 billion Extended Fund Facility and a USD 1.4 billion Resilience and Sustainability Facility.
Key Questions Answered
Pakistan was last named to chair the Boards of Governors of the International Monetary Fund and the World Bank Group in 1953, marking nearly a 75-year gap until its upcoming term in 2027.
Pakistan is currently engaged with the IMF under a USD 7 billion Extended Fund Facility to address balance-of-payments needs and a USD 1.4 billion Resilience and Sustainability Facility for climate-related risks.
On the sidelines of the annual meetings in Bangkok, Pakistan is leading a newly formed borrowers' platform for developing countries that focuses on debt management and economic reforms.
