Pakistan to chair IMF, World Bank boards in 2027; first time in over 70 years
Pakistan has been selected to chair the boards of governors for the IMF and World Bank in 2027, marking its first time in this role since 1953. The appointment is viewed as a significant milestone for the country's international economic standing.
Why it matters
This appointment provides Pakistan with a platform to influence global economic policy while the country navigates its own complex financial recovery programs.
Pakistan will take over the chairmanship of the boards of governors of the International Monetary Fund and the World Bank Group in 2027, returning to the position for the first time since 1953, the country’s ministry of economic affairs said on Friday.The announcement was made during the plenary session of the 2026 WBG-IMF annual meetings in Bangkok, where Pakistan’s minister for economic affairs Ahad Khan Cheema, who also serves as the country’s governor to the World Bank, was formally designated as the incoming chair, PTI reported.Describing the appointment as a “historic milestone”, the ministry said the role would allow Pakistan to participate in shaping global economic and development discussions and encourage constructive engagement among member countries.The annual meetings, scheduled from October 12 to 18,…
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