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

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

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

Resident Representative Office of the International Monetary Fund (IMF) has acknowledged that Pakistan’s economic stabilization and reform program is on right track.

IMF Pakistan tweeted on Friday that strong ownership by the authorities and steadfast reform implementation are critical to entrench macroeconomic stability and support robust and balanced growth. ------------------------------

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

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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 $6 billion Extended Fund Facility in a meeting of its executive board in Washington.

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

Economy