According to a statement released by the International Monetary Fund (IMF), timely financial support from external partners will be crucial for the success of the ninth review with Pakistan and for taking the next steps with the country after financial assurances are met.
The IMF also noted that Pakistan’s economy faces challenges, including slow growth rates, high inflation, and significant financial needs. These challenges have been exacerbated by devastating floods that have affected the country.
The IMF has revealed that talks are taking place between them and the Pakistani authorities to finalize the 9th review. The Pakistani government has already started implementing significant measures that will help stabilize the country’s economy and boost confidence.
However, the IMF highlights that timely financial assistance from external partners is crucial to ensure the success of the review. Pakistan must secure financial support from other financial institutions and friendly nations.
Once these financial assurances are in place, the IMF can take the next step with Pakistan. The country is currently grappling with several economic challenges, including slow growth and high inflation, exacerbated by the devastating floods that hit the nation.