IMF discussions with Pakistan are still in progress, Gerry Rice

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International Monetary Fund or IMF discussions with Pakistan are ongoing, as revealed by the IMF’s Director Communications Department Gerry Rice.

IMF discussions with Pakistan are still in progress towards the reforms of economy stabilization and the understanding on policy priorities. Gerry Rice briefed that their staff is in continuous discussion with Pakistani officials.

He further added that in October 2018, Pakistan approached IMF for the loan request. However, the staff team also paid the visit to Islamabad in November.

According to sources, tough conditions of IMF bailout package are making Pakistan reluctant to accept the program. However, conditions included the rise in energy prices, complete disclosure of the China financial aid, and to implement more taxes.

A few days back, the United States said that IMF loan is the best option for Pakistan. Michael A. Sullivan, the Economic Counsellor at US Embassy, said that the United States want to see Pakistan flourish. He further added that the United States believe that the IMF loan is the best option for Pakistan.

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