World Bank president Dr Jim Yong Kim is set to arrive in Pakistan on February 9 on a two-day official visit, Radio Pakistan reported.

Secretary Economic Affairs Division Tariq Bajwa revealed the date of the visit during a meeting chaired by Finance Minister Ishaq Dar in Islamabad.

The visiting dignitary is set to have special interaction with the finance minister and economists to discuss measures to strengthen cooperation with Pakistan.

A detailed review of Pak-World Bank economic cooperation was also given during the meeting.

WB earlier this month warned that sovereign guarantees against the $46 billion China-Pakistan Economic Corridor (CPEC) investment and a likelihood of ramping up spending ahead of the next general elections could carry substantial fiscal risks for Pakistan.

In its latest report titled Global Economic Prospects 2016, the Washington-based global lender has highlighted challenges and opportunities that CPEC offers to Pakistan. “Sovereign guarantees associated with CPEC could pose substantial fiscal risks over the medium term,” it noted.

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