An International Monetary Fund (IMF) Mission, led by Eva Petrova, ended a two -week visit to Karachi and Islamabad on Wednesday, which reported “significant progress” to a staff level agreement on the next link of Pakistan’s loan program.
The talks, which run from September 24 to October 8, conducted a second review of Pakistan’s 37 -month Extension Fund Facility (EFF) and 28 months of flexibility and stability (RSF).
Ms. Petrova issued the following statement:
“The IMF Mission and Pakistani authorities under the Extension Fund Facility (EFF) under the Extension Fund Facility (EFF), under the 37 -month expansion management, facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facilitation facilitate facility facilitate the staff level agreement (EFF) The convenience facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility facility.
Petrova said the implementation of the program is strong and widely in accordance with the government’s promises.
“The implementation of the program is strong, and is widely compatible with the promises of the authorities. There have been significant progress in the dialogue in several sectors, including maintaining financial stability to strengthen public financing, while strengthening the need for flood recovery; more than the SBP is more likely to be compromised;
Important sectors of development include financial stability to strengthen public finances, while supporting flood recovery, maintaining inflation through data -driven financial policy, and regular tariff adjustments and cost -cutting reforms, with regular tariff adjustments.
The IMF also noted progress in structural reforms, which aims to reduce state maps, improve government and transparency, and promote more competitive business environment.
With the completion of key reform measures of the IMF note under the RSF, the debates also focused on Pakistan’s climate elastic agenda.
The IMF and Pakistani officials will continue to negotiate a policy to resolve any residual issue before finalizing staff level agreements.
The IMF team expressed sympathy with the recent flood victims and thanked Pakistani officials, the private sector, and development partners for their cooperation and hospitality during the mission.