WASHINGTON: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with World Bank Group Vice President Jorge Familiar Calderón on the sidelines of the World Bank-IMF Spring Meetings 2026, focusing on debt management and capital market development.
Congratulating Calderón on his recent appointment, the finance minister highlighted the critical role of the World Bank Group Treasury in supporting developing economies through improved access to capital markets, financial innovation, and advisory services in debt and risk management.
Aurangzeb outlined Pakistan’s diversified financing strategy, noting the use of instruments such as Sukuk and ESG-linked financing, along with efforts to access non-traditional markets.
He also emphasized ongoing initiatives to deepen the domestic bond market as part of broader reforms aimed at strengthening the country’s financial architecture.
The minister stressed the importance of knowledge exchange and capacity building, calling for enhanced technical support, advanced analytical tools, and specialized training for Pakistan’s Debt Management Office to bolster long-term financial resilience.
He further informed that the Advisor to the Debt Management Office at the Ministry of Finance would serve as the focal person for coordinating collaborative programs with the World Bank Group, underscoring Islamabad’s commitment to institutional strengthening and sustainable economic management.
