Urgent.News

What's breaking now, across thousands of outlets.

World

Pakistan to chair IMF, WB boards in 2027

WBG Corporate Secretariat briefed Cheema on the responsibilities associated with the chairmanship

Pakistan to chair IMF, WB boards in 2027

Pakistan will assume the chairmanship of the Boards of Governors for the International Monetary Fund (IMF) and the World Bank Group (WBG) in 2027. Federal Minister for Economic Affairs Ahad Khan Cheema was announced as the incoming chair during the 2026 WBG-IMF Annual Meetings in Bangkok, according to Daily Times and Dawn.

This appointment marks Pakistan's return to the position for the first time since 1953, when Mohamad Ali chaired the eighth annual meetings in Washington. Dawn reports that the chairmanship involves primarily diplomatic and procedural responsibilities and does not grant Pakistan extra authority regarding lending decisions.

Other South Asian nations have previously held the chairmanship, including India in 1950, Sri Lanka (then Ceylon) in 1968, and Nepal in 1999, according to Dawn.

Brief written by urgent.news from Daily Times, Dawn — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at tribune.com.pk →

More in World

More from Friday 16 October →