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Pakistan to Lead New Borrowers Platform at World Bank and IMF Meetings in Bangkok
- •Pakistan has been chosen to lead a newly formed borrowers platform of developing countries during the World Bank and IMF Annual Meetings 2026.
- •The initiative focuses on crucial areas such as debt management and economic reforms for cash-strapped nations.
- •Finance ministers and central bank governors from over thirty developing countries participated in the first governing council meeting held in Bangkok.
- •Pakistan Finance Minister Muhammad Aurangzeb formally took charge of the initiative to foster cooperation among struggling economies.
Key Questions Answered
Pakistan is set to lead a newly formed borrowers' platform of developing countries focusing on debt management and economic reforms on the sidelines of the World Bank and International Monetary Fund Annual Meetings 2026 in Bangkok. Finance ministers and central bank governors from over 30 developing countries chose Pakistan to lead the collective during its first governing council meeting on Monday.
Pakistan’s Finance Minister Muhammad Aurangzeb formally took charge of the initiative. He stated that the platform was established to help developing countries cooperate with each other on critical financial matters.
Pakistan's priorities include strengthening debt-management practices, sharing reform experiences, and exploring innovative development-financing instruments, with the goal of turning the platform into practical cooperation and measurable outcomes.
