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IMF, Finance Division engage in data sharing and reform discussions as part of EFF

April 4, 2022 (MLN): The International Monetary Fund (IMF) remains committed to Pakistan's macroeconomic stability, a statement issued by Finance Division said on Monday.

The statement stated that Finance Division and IMF remain engaged in data sharing and reform discussions as part of EFF.

There is no truth to speculation about the suspension of the program. IMF has confirmed the same and also clarified that it remains committed to Pakistan’s macroeconomic stability,” it said.

As no-trust move against Prime Minister Imran Khan was rejected by the Deputy Speaker of the National Assembly on Sunday, terming it against Article 5 of the constitution and the PM has called fresh elections after which there were fears that this may cause a suspension of the IMF program or delay in disbursements of remaining tranches.

In its latest statement issued, IMF said that the Fund looks to continue its support to Pakistan and, once a new government is formed, it will engage on policies to promote macroeconomic stability and enquire about intentions vis-a-vis program engagement.

There is no concept of suspension within IMF programs, IMF added.

Copyright Mettis Link News

Posted on: 2022-04-04T21:57:04+05:00

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