Pakistan assumes chairmanship of Borrowers’ Platform Governing Council

Pakistan will now chair the Governing Council of the Borrowers' Platform, after Finance Minister Muhammad Aurangzeb accepted the post at the World Bank Group and IMF Annual Meetings 2026 in Bangkok, the Finance Division announced on Monday. The appointment reflects Pakistan's effort to deepen global collaboration on managing public debt, financing development and carrying out reforms.

The Borrowers' Platform is a government-led global initiative that brings developing countries together to coordinate, share knowledge and engage collectively on debt problems. Aurangzeb laid out Pakistan's agenda for the platform's 2026-27 work programme, covering better debt management, sharing reform experiences and examining new ways to finance development. He stressed that the group will concentrate on technical cooperation and mutual learning, not joint negotiation or crisis handling.

In a separate meeting, Aurangzeb met IMF First Deputy Managing Director Dan Katz to review efforts to stabilise the economy, advance structural changes and weigh fresh external risks. Talks covered the IMF-supported programme, fiscal performance, reserves, inflation and external sector stability, and the two sides welcomed the staff-level agreement. Aurangzeb also pointed to stronger investor confidence, better sovereign credit ratings and a return to international capital markets, and said the government remains committed to fiscal consolidation, tax reforms and privatisation.