ISLAMABAD : The International Monetary Fund on Friday said that theprogramme with Pakistan was aimed at improving its public finances,reducing public debt and helping Pakistan get back on the path to asustainable and more inclusive growth.
“We hope that the programme can also create fiscal space for a substantialincrease in social spending, to strengthen social protection, as well asinfrastructure and other human capital development,” Director CommunicationDepartment of the IMF, Jerry Rice said in an online press briefing.
Updating the Pakistan’s recent programme with IMF, Rice said there had beenmajor developments recently as Pakistan and the IMF had the agreement of a$6 billion three-year extended Fund facility to support Pakistan’s economicreform efforts.
“So that happened on May the 12th. Just prior to that, Managing DirectorChristine Lagarde had met with Prime Minister Khan,” he added.