ISLAMABAD:World Bank and parliaments to take initiative for rapid development through mobilizing governments which would help legislatures to increase efficacy
of aid.
Pakistani Panel comprising of Senator Faisal Saleem and Joint Secretary Senate of Pakistan Rabea Anwar said this while participating in a virtual seminar titled
“Introduction to World Bank Group Operations” organized for Parliamentarians by the World Bank Group, said a news release issued here on Wednesday.
The Pakistani panel while grading its association with the World Bank accentuated that cooperation with the WB dates back to 1950 and hoped that the World Bank Group would continue to support the Parliament and the Government of Pakistan in institutional reforms to transform governance and service delivery.
It was proposed that the World Bank could play a very important role to build the human capital and unleash the potential of the youth population of the country through technical and financial assistance.
The panel also brought out the importance of the International Parliamentarians Congress (IPC) which was established in 2019 to resolve global and regional issues.
The Pakistani Panel enlightened the participants that IPC has emerged as an impetus of change and forum of innovations in the Parliamentary realm and called for close ties between IPC and the World Bank.
The seminar was aimed to provide Parliamentarians with the opportunity to dialogue with high-level speakers from across the World Bank Group on the organization’s structure, mandate, operations, results, challenges, and current priorities.
The participants which include notable figures shared their views that how Parliamentarians can partner with the World Bank Group to achieve better development results at the country level.
International parliamentarians congress was constituted through a resolution adopted by the Senate of Pakistan on August 29, 2019. The IPC condenses into reality the vision of Chairman Senate Muhammad Sadiq Sanjrani, to bring together parliamentarians of different countries under one umbrella to achieve peace, prosperity, and progress through cooperation; mutual understanding; sharing and exchange of ideas as well as experiences.
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group was a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group was one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.