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IMF Publishes Statement Regarding Loan Discussions With Pakistan

IMF issue formal statement after conclusion of 9 review talks on loan.

The early and decisive implementation of policy measures, combined with steadfast financial support from official partners, are essential for Pakistan to successfully reestablish macroeconomic stability and progress its sustainable development, according to IMF mission leader Nathan Porter in a statement.

The statement, which was released after the mission’s 10-day visit to Pakistan, praised Prime Minister Shehbaz Sharif’s promise to put those measures into practise in order to “safeguard macroeconomic stability.”

He also expressed his gratitude to the authorities for their “productive dialogue.”

The IMF director said that during discussions with Pakistani officials about “policy measures to address internal and external imbalances,” “significant progress” had been made.

The IMF mission chief stated that in order to finalise the “implementation specifics” of the policies, “virtual consultations” between the two parties will continue in the upcoming days.

IMF negotiations are “on track,” according to Finance Minister Ishaq, and issues with the lender relating to the loan programme are anticipated to be resolved today (Thursday).

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