IMF, World Bank launch Bangkok Blueprint to tackle cyber fraud
The institutions said the launch was a response to the increasing sophisticated scams around that world which threaten consumer confidence and financial stability. The post IMF, World Bank launch Bangkok Blueprint to tackle cyber fraud appeared first on Premium Times Nigeria .
Finance Minister Muhammad Aurangzeb engaged in informal discussions with World Bank President Ajay Banga at a dinner hosted by Thailand's prime minister during the World Bank-IMF annual meetings in Bangkok. The casual setting allowed for a more relaxed exchange of ideas among the high-ranking officials. Earlier in the week, Banga announced an ambitious goal for the World Bank to quintuple its critical minerals business within the next five years.
To achieve this target, the lender has identified 20 countries as potential partners for critical minerals development projects. Banga highlighted this new objective during his prepared remarks at a plenary session, emphasizing the bank's commitment to building local industries and preserving jobs and value within these nations.
The World Bank's Metals and Minerals implementation plan aims to channel $19 billion in critical minerals financing over the fiscal period of 2026-2030, a significant increase from the $3.6 billion allocated in the fiscal period of 2021-2025. On Thursday, Pakistan and the World Bank signed a renewed agreement to expedite the implementation of the Country Partnership Framework 2026-2035.
The renewed commitment places an emphasis on project preparation, concessional financing, investments in human development, and climate resilience. This development unfolded during a meeting between Federal Minister for Economic Affairs and Pakistan's Governor to the World Bank Group, Ahad Khan Cheema, and Anna Bjerde, Managing Director of Operations at the World Bank.
Minister Cheema stressed the government's determination to turn the CPF's objectives into concrete development results, advocating for increased technical and financial assistance, integrated multisectoral programs, and digital monitoring systems to track progress and measure impact.
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