Tokyo, March 24, 2009 ─ The Government of Japan and the World Bank will co-chair a Pakistan donors conference in Tokyo on April 17 to mobilize international support for the country’s financing and development needs.
Pakistan has experienced severe external and internal shocks in the past year, and is confronting a very difficult macroeconomic situation in the face of a rapidly deteriorating global economy. The Government of Pakistan has taken steps to stabilize the economy and to develop programs to protect the country’s poorest people.
However, with dampened external demand for its exports, an inflated import bill, and low investor confidence, Pakistan needs additional assistance from the international community to restore economic stability and bring its economy back to a higher growth path.
International donors will be asked to help Pakistan through this challenging period.