Pakistan named incoming chair of IMF and World Bank Group Boards of Governors for 2027

Key facts

• Pakistan will assume the chairmanship of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) in 2027, its first time in the role since 1953.
• The announcement was made at the plenary session of the 2026 WBG-IMF annual meetings in Bangkok, where Pakistan's Economic Affairs Minister Ahad Khan Cheema was formally designated as the incoming chair.
• The 2026 annual meetings, held from October 12 to 18, brought together over 15,000 participants from 191 countries.
• Pakistan is currently receiving IMF assistance through a USD 7 billion Extended Fund Facility and a USD 1.4 billion Resilience and Sustainability Facility, and could receive an additional USD 1.2 billion pending Executive Board approval.