Pakistan to Chair IMF, World Bank Boards of Governors in 2027
What Happened
Pakistan has been named the incoming chair of the Boards of Governors of the International Monetary Fund and World Bank Group for 2027, its first time in the role since 1953. Economic Affairs Minister Ahad Khan Cheema was formally announced as incoming chair during the institutions’ 2026 Annual Meetings in Bangkok on October 16.
Key Takeaways
The chairmanship gives Pakistan a formal leadership role in the institutions’ highest governing bodies and a platform to facilitate discussions among member countries on global economic and development issues during its 2027 term.