Pakistan Named Incoming Chair of World Bank and IMF Boards of Governors for 2027

16 October 2026National

Pakistan has been named incoming Chair of the Boards of Governors of the World Bank Group and the International Monetary Fund for 2027, announced on 16 October 2026 at the plenary of the 2026 WBG-IMF Annual Meetings in Bangkok, Thailand. Ahad Khan Cheema, Pakistan's Minister for Economic Affairs and its Governor to the World Bank, takes over from Carlos Carvallo Spalding of Paraguay. It is the first time Pakistan holds the chair since 1953. The Boards of Governors are the highest decision-making organs of both institutions, with one governor per member country, usually the finance minister or central bank governor.

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The IMF and the World Bank were created at the Bretton Woods Conference of 1944 and are headquartered in Washington, D.C. | The World Bank Group is headed by a President and the IMF by a Managing Director; their Annual Meetings are held jointly each year | The World Bank Group comprises IBRD, IDA, IFC, MIGA and ICSID

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