Pakistan has been named chair of the Boards of Governors of the IMF and World Bank Group for 2027, its first time in the role since 1953. The Ministry of Economic Affairs announced on October 16 during the 2026 Annual Meetings in Bangkok that Federal Minister Ahad Khan Cheema, also Pakistan's World Bank governor, will take the post. Pakistan aims to strengthen representation for developing nations, expand access to development financing, and boost private investment for sustainable, inclusive growth. The chairmanship is mainly diplomatic and procedural, while loan decisions stay with the institutions' Executive Boards. Pakistan currently has a $7 billion Extended Fund Facility and a $1.4 billion Resilience and Sustainability Facility with the IMF, and a recent staff-level deal could unlock about $1.21 billion, subject to Executive Board approval.
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