Pakistan to chair IMF, World Bank boards in 2027; first time in over 70 years

Pakistan will assume the chairmanship of the IMF and World Bank Group boards in 2027, marking a significant return. This follows a long absence from the position that last occurred in 1953. The role will allow Pakistan to engage in global economic discussions and foster collaboration among member nations. Pakistan is currently utilizing financial assistance from the IMF through various programs aimed at economic stabilization.