Pakistan to Chair IMF and World Bank Boards for First Time Since 1953

Published 6h ago · Latest report 1h ago · Agreement

Affects Pakistan · Covered in 2 countries

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Pakistan will lead the IMF and World Bank boards next year for the first time since 1953.

Pakistan will take over the chairmanship of the International Monetary Fund and World Bank Group boards for next year. Federal Minister for Economic Affairs Ahad Khan Cheema received the formal announcement during the annual meetings in Bangkok. This milestone marks the first time the country holds the leadership position in over seven decades.

The announcementThe formal designation took place during the plenary session of the annual meetings held in Bangkok.
The historical contextThe nation previously held the same leadership role back in 1953.

Why it matters

Securing the chairmanship of these major international financial institutions gives a developing economy a prominent platform during global economic discussions. Such leadership roles allow countries to help shape policy debates and foster international cooperation on financial stability.

By the numbers1

1,953 yrslast year Pakistan held the chairmanship

How outlets cover it

What outlets agree on

Pakistan has been chosen to chair the Boards of Governors for the International Monetary Fund and the World Bank Group in 2027, a role last held by the country in 1953.

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