ISLAMABAD – International Monetary Fund has reportedly linked Pakistanbailout package with debt transparency and US approval, it has beenrevealed.
Pakistan’s debt transparency is an utmost prerequisite for a possiblebailout package from the International Monetary Fund (IMF), a spokespersonof the Washington-based lender said, adding the talks with the countrycontinue to reach understanding on the economic policy priorities.
IMF Communications Department Director Gerry Rice said discussions withPakistan are active and “they continue toward reaching an understanding onthe policy priorities and reform to stabilise the economy, lay thefoundations for sustainable, inclusive growth”.
Rice was addressing a presser on Thursday, according to a transcriptionmade available on the IMF’s website on Saturday.
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“When a program is agreed by staff with the authorities, it goes forward tothe board. And the board representing our membership, including the UnitedStates, of course, makes the final decision on whether that program shouldgo ahead,” he said, responding to a question whether or not IMF considersthe US insistence that any of IMF loan to Pakistan should not be used torepay the country’s debt to China.
