For the first time since 1953, Pakistan nominated to chair World Bank, IMF Boards of Governors in 2027
Economic Affairs Minister Ahad Khan Cheema named incoming chair as Pakistan prepares to assume the position for the first time since 1953
Pakistan has been nominated to chair the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) in 2027, marking its return to the position for the first time since 1953.
Federal Minister for Economic Affairs Ahad Khan Cheema, who represents Pakistan as governor at the World Bank Group, has been formally named the incoming chair, the Ministry of Economic Affairs announced on Friday.
The nomination was announced during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok.
The Boards of Governors are the highest decision-making bodies of the two international financial institutions, comprising representatives of member countries and responsible for determining their broad policy direction.
According to the ministry, Pakistan's upcoming chairmanship will provide an opportunity to participate in global economic and development discussions and facilitate coordination among member countries.
Following the announcement, Cheema received a briefing from the World Bank Group's Corporate Secretariat on the responsibilities associated with the position.
He also held talks with WBG Vice President and Corporate Secretary Aradhana Kumar-Capoor regarding institutional arrangements and coordination for Pakistan's tenure.
Separately, the minister met Carlos Carvallo Spalding, Governor of the Central Bank of Paraguay and the outgoing chair, to discuss the responsibilities of the office and priorities for 2027.
Cheema acknowledged the outgoing chair's tenure and exchanged views on the management of the position.
During the meetings, the minister outlined Pakistan's priorities, including greater representation of developing economies, more predictable development financing and improved coordination among multilateral financial institutions.
He also emphasised mobilising private investment to support sustainable and inclusive economic growth.
The ministry said Pakistan would work with the World Bank Group, IMF and other member countries during its chairmanship to strengthen cooperation and contribute to discussions on the international development and financial system.