World Bank appoints Amgaabazar as new country director
ISLAMABAD: World Bank appointed Bolormaa Amgaabazar as the new country director for Pakistan effective July 1st.
She is succeeding Najy Benhassine in this role.
'I am delighted to be appointed the World Bank's new Country Director for Pakistan,' said Amgaabazar.
'The World Bank and Pakistan have a long-standing partnership that has benefited millions of people over generations. I look forward to deepening our engagement with the federal and provincial governments, local institutions, civil society, the private sector, development partners, and other stakeholders.' Amgaabazar, a Mongolian national, has over two decades of international development experience.
She joined the World Bank in 2004 and has worked in the East Asia and Pacific, Africa, and Eastern Europe and Central Asia regions. She has also held managerial responsibilities in the bank's country offices in Kyrgyz Republic and, most recently, in Indonesia and Timor-Leste.
Copyright Business Recorder, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
5 hours ago
- Business Recorder
Agenda of sustainable economic progress being implemented: Ahsan
LAHORE: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Monday the government is implementing an agenda of sustainable economic progress. 'The government is pursuing a goal of achieving taking economy of Pakistan to one trillion dollar by the year 2035,' Ahsan said, adding: 'Our development model is to transform economic development through exports.' While inaugurating a modern classroom at the Pakistan Administrative Staff College (PASC)/ National School of Public Policy (NSPP) here Monday, Ahsan presented a comprehensive roadmap for governance reforms and institutional performance improvement, emphasising the transition from a procedure-focused to a mission-driven bureaucracy. 'The country is facing a crucial moment requiring data-driven, technology-enabled and accountable governance,' he said, adding: 'We must build institutions that are policy-consistent and shielded from political volatility, ensure transparency in decision-making, foster agility to respond to changing demands and instil responsibility in the use of public resources.' Ahsan Iqbal outlined the government's long-term economic vision under the banner of 'URAAN Pakistan', which aims at making Pakistan a $1 trillion economy by 2035. He said the strategy is built on the five pillars of the 5Es: Exports, E-Pakistan, Environment, Energy & Infrastructure and Equity & Empowerment. The minister said steps are being taken to restore public confidence in good governance, by following the policy of making bureaucracy a stable, transparent, agile and responsible. He also urged the officers to play a leading role in enabling export-led growth, digitising government operations, building climate resilience, improving infrastructure delivery and ensuring inclusive development. He said the civil servants must play their vital role for Pakistan's transformation, adding that the system must be reformed to deliver better outcomes. He introduced the STAR model — Stable, Transparent, Agile and Responsible — as a governance framework to guide civil service transformation. He commended the role of civil servants to make the China-Pakistan Economic Corridor (CPEC) a success which showed the dedication of Pakistan's civil servants. He reminded the participants that public service is a responsibility and leadership in Islam is a duty, not a privilege. The minister encouraged the course participants to take part in the training with a spirit of service, creativity and commitment to the national development. Copyright Business Recorder, 2025
Business Recorder
5 hours ago
- Business Recorder
Sir Anwar's birthday tea with the King & Queen
LAHORE: On the 20th of June 2025 Sir Anwar Pervez, OBE H Pk was invited to join Their Majesties for Tea at the Royal Box at the Royal Ascot Races. The invitation to join Their Gracious Majesties was part of Sir Anwar's 90th Birthday celebrations. By honouring Sir Anwar on his 90th birthday The King has shown his deep appreciation of the significant contribution that the founder of Bestway has made to the British Society over his 60-year career. Sir Anwar immigrated from Pakistan to the UK in 1956, having worked in various jobs in Bradford, he then moved to London and set up his first retail store in 1963; he founded Bestway in 1976. Sir Anwar through his business and charitable endeavours he has a long history of encouraging entrepreneurship and furthering dynamism specially within marginalised communities of the country. Every year Bestway Group hosts its charity race day at the Royal Ascot, this year's main beneficiary charity was the British Asian Trust. The British Asian Trust was founded in 2007 by His Majesty King Charles III. BAT is a diaspora-led international development organisation, delivering high-quality programmes in South Asia and specialises in, and champion the use of, social finance products to drive positive change across the region. The charity seeks to make South Asia that is free from poverty by unlocking the potential of disadvantaged people in South Asia by maximising the impact and support from the South Asian diaspora and beyond. Copyright Business Recorder, 2025
Business Recorder
7 hours ago
- Business Recorder
UN chief urges aid surge in world of ‘climate chaos, raging conflicts'
SEVILLE, (Spain): UN Secretary-General Antonio Guterres urged the world to 'rev up the engine of development' at an aid conference in Spain on Monday at a time when US-led cuts are jeopardising the fight against poverty and climate change. Dozens of world leaders and more than 4,000 representatives from businesses, civil society and financial institutions are gathering in the city of Seville for the June 30-July 3 conference to seek fresh impetus for the crisis-hit aid sector. But the United States is snubbing the biggest such talks in a decade, underlining the erosion of international cooperation on combating hunger, disease and climate change. Guterres told delegates at the opening of the conference that two-thirds of United Nations sustainable development goals set for 2030 were 'lagging' and more than $4.0 trillion of annual investment would be needed to achieve them. US President Donald Trump's gutting of his country's development agency, USAID, is the standout example. But Germany, Britain and France are also making cuts while they boost spending in areas such as defence. International charity Oxfam says the cuts to development aid are the largest since 1960. More than 800 million people live on less than $3.0 a day, according to the World Bank, with rising extreme poverty affecting sub-Saharan Africa in particular. Disruption to global trade from Trump's tariffs and ongoing conflicts in the Middle East and Ukraine have dealt further blows to the diplomatic cohesion necessary for concentrating efforts on helping countries escape poverty. The crisis meant children going unvaccinated, girls dropping out of school and families suffering hunger, said Guterres. He urged the international community to 'change course' and 'repair and rev up the engine of development to accelerate investment' in 'a world shaken by inequalities, climate chaos and raging conflicts'. A blistering heatwave that is scorching southern Europe welcomed the delegates to the Fourth International Conference on Financing for Development, an example of the extreme weather that scientists say human-driven climate change is fuelling. Kenya's William Ruto, Senegalese President Bassirou Diomaye Faye, Ecuador's Daniel Noboa, Angolan leader Joao Lourenco and Sudanese army chief Abdel Fattah al-Burhan were among prominent Global South leaders in Seville. Among the key topics up for discussion is reforming international finance to help poorer countries shrug off a growing debt burden that inhibits their capacity to achieve progress in health and education. The total external debt of the group of least developed countries has more than tripled in 15 years, according to UN data. Critics have singled out US-based bulwarks of the post-World War II international financial system, the World Bank and the International Monetary Fund, for reform to improve their representation of the Global South. Painstaking talks in New York in June produced a common declaration to be adopted in Seville that only went ahead after the United States walked out. The document reaffirms commitment to the UN development goals such as eliminating poverty and hunger, promoting gender equality, reforming tax systems and international financial institutions. The text also calls on development banks to triple their lending capacity, urges lenders to ensure predictable finance for essential social spending and for more cooperation against tax evasion. Coalitions of countries will seek to spearhead initiatives in addition to the so-called 'Seville Commitment', which is not legally binding. But campaigners have criticised the text for lacking ambition and have rung alarm bells about rising global inequality. Hundreds of demonstrators braved the sizzling heat in Seville on Sunday to demand change in international tax, debt and aid policies. 'Global South countries will never be able to decide how they want to do development if they are bound to the new colonial debt,' protester Ilan Henzler, 28, told AFP.
