ISLAMABAD: Pakistan’s economy is on a path to long-term recovery, thanks to a stabilisation programme backed by the International Monetary Fund, Prime Minister Shehbaz Sharif said ahead of a first review of a US$7-billion IMF bailout set for early in March.
The comments came in Sharif’s meeting on Tuesday with Kristalina Georgieva on the sidelines of the World Government Summit (WGS) 2025 in Dubai, his office said in a statement.
He underscored the progress made under the IMF’s Extended Fund Facility (EFF), which has played a key role in stabilising Pakistan’s economy and set it on the path of long-term recovery, it added.
Ahead of the IMF review, the government and central bank have expressed confidence about meeting its targets, even as Pakistan, bolstered by the bailout secured in September, struggles to navigate the recovery.
Tuesday’s meeting focused on the macroeconomic stability achieved by the government’s agenda for comprehensive reform under the IMF programme.
Discussions highlighted Pakistan’s commitment to adopting structural reforms and maintaining fiscal discipline under the IMF programme, Sharif’s office said.
He reaffirmed his government’s resolve to maintain reform momentum, particularly in critical areas such as taxes, energy efficiency and private sector development, it added.
A three-member IMF mission is separately in Pakistan for a an assessment under the EFF programme.
https://www.channelnewsasia.com/asia/pakistan-sees-economy-long-term-recovery-path-under-imf-programme-4932891
