Pakistan named incoming chair of IMF and World Bank boards for 2027

Mixed · 2Pakistan was named incoming chair of the Boards of Governors of the International Monetary Fund and the World Bank Group for 2027, its first time in the position since 1953, according to the country's Ministry of Economic Affairs on Friday 16 October 2026. 1 2 Mixed · 2Minister for Economic Affairs Ahad Khan Cheema, who is also Pakistan's governor to the World Bank, was formally announced as the incoming chair at the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok. 1 2 Mixed · 2The ministry called the development a "historic milestone" and said the role would let Pakistan contribute to global economic and development discussions and encourage constructive dialogue among member countries. 1 2

Mixed · 2The annual meetings run from 12 to 18 October and have brought together more than 15,000 participants from 191 countries. 1 2 Mixed · 2Pakistan is currently borrowing from the IMF under a $7 billion Extended Fund Facility, meant for balance-of-payments needs and economic reforms, and a $1.4 billion Resilience and Sustainability Facility, which provides longer-term funding for climate-related risks. 1 2 Mixed · 2Pakistan is also expected to receive about $1.2 billion from the IMF, subject to Executive Board approval, after IMF staff and Pakistani authorities agreed on the latest reviews of both programmes. 1 2