IMF top officials make important statement over Pakistan government economic reforms plan

KARACHI – International Monetary Fund top officials make importantstatement over Pakistan government economic reforms plan.

Resident Representative Office of the International Monetary Fund (IMF) hasacknowledged that Pakistan’s economic stabilization and reform program ison right track.

IMF Pakistan tweeted on Friday that strong ownership by the authorities andsteadfast reform implementation are critical to entrench macroeconomicstability and support robust and balanced growth.——————————

Pakistan’s economic stabilization and reform program is on track. Strongownership by the authorities and steadfast reform implementation arecritical to entrench macroeconomic stability and support robust andbalanced growth.— IMF Pakistan (@imf_pakistan) December 20, 2019link

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It is pertinent here to mention that the IMF on Thursday (yesterday)approved second tranche worth of $450 million for Pakistan under the $6billion Extended Fund Facility in a meeting of its executive board inWashington.

“Transition to a market-determined exchange rate has been orderly;inflation has started to stabilize, mitigating the impact on the mostvulnerable groups of the population,” the IMF said.