Maps
Magazine

TRADE & ECONOMY

Aurangzeb Heads to US for IMF, World Bank Spring Meetings
Finance Minister Aurangzeb departs for the US to attend IMF & World Bank Spring Meetings. Will engage global lenders, top officials & discuss US tariffs on Pakistani exports.
ND
by News Desk
2025-04-19
Aurangzeb Heads to US for IMF, World Bank Spring Meetings

Finance Minister Muhammad Aurangzeb departed for Washington, DC, on Saturday to attend the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank, which are set to take place from April 21 to 26, Radio Pakistan reported.

The high-profile global gathering will bring together finance ministers, central bank governors, credit agencies, and development experts from across the world to discuss pressing global financial challenges.

During his stay, Minister Aurangzeb is scheduled to hold bilateral meetings with senior representatives from the IMF, World Bank, credit rating agencies, and leading commercial and investment banks. His agenda includes discussions with his counterparts from China, the UK, Saudi Arabia, and Turkiye, as well as high-level engagements with officials from the US State Department and Treasury.

Notably, the finance minister will also participate in the 13th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action, reinforcing Pakistan’s commitment to sustainable and climate-resilient economic development.

The meetings are expected to be dominated by discussions on Trump-era tariffs, volatility in global financial markets, and rising trade tensions. A day before the meetings, IMF Managing Director Kristalina Georgieva hinted that the Fund may downgrade global economic forecasts amid shifting trade dynamics, although she ruled out a global recession.

Diplomatic insiders suggest that Aurangzeb may raise concerns over the proposed 29% US tariff on Pakistani exports, part of a broader protectionist policy introduced under the previous Trump administration. Following his visit, a Pakistani trade delegation is expected to hold formal negotiations with US officials to seek relief on the proposed tariffs, which could significantly impact Pakistan’s export competitiveness.

The finance minister’s engagements aim to secure continued financial support, build investor confidence, and explore options for easing external debt pressures while reinforcing bilateral and multilateral partnerships.

 
Tagged:

PakistanEconomy

WorldBank

TradeTalks

AurangzebInUS

IMFMeetings2025
Share News: