The International Monetary Fund (IMF) looks forward to continue discussions with the Pakistani authorities on policies and reforms that could form the basis for completing the sixth Extended Fund (EFF) review of $ 6 billion.
IMF Resident Representative Teresa Daban Sanchez said: “We welcome close and constructive cooperation with the Pakistani official and stand ready to continue to support Pakistan in achieving debt sustainability, strong and sustainable growth targets through policy and structural reforms, and increased social spending Planned in the EFF Support Program “.
A finance ministry spokesman said Pakistani authorities continue to face a challenge in the Energy sector, which in particular points to averting the accumulation of ever more persistent Circular Debt. The official added that Pakistan has yet to submit a Circular debt management plan to the International Agencies.
The IMF is well prepared for continuing the EFF of Pakistan with unexpectedly favorable macroeconomic data over the past year, including government announced GDP Rate, which is above IMF expectations. However, this requires negotiations, and Finance Minister Shaukat Tarin is currently finalizing work on what this matrix can actually contain.
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