PM assures IMF not to tolerate an iota of violation of $3b agreement

Prime Minister Shehbaz Sharif Friday made a telephone conversation with the International Monetary Fund (IMF) Managing Director (MD) Ms Kristalina Georgieva and assured her that he will not tolerate an iota of violation of their agreement.
According to the 24News HD TV channel, the PM conveyed profound gratitude to the Managing Director for her support and assistance in materializing the recently concluded Stand-by Agreement for $3 billion.
PM Shehbaz appreciated the MD for her leadership and professionalism and also acknowledged that MD felt for the poor and termed her support as invaluable.
The IMF MD said that the Prime Minister of Pakistan built a very convincing case, though the IMF Board was sceptical about Pakistan’s commitment to fulfilling the conditions of the agreement due to the past trust deficit.
However, in the light of her continued engagement with the Prime Minister, she assured the Board that Pakistan will deliver on its commitments as she had personally met the Prime Minister and seen his seriousness to deliver.
She acknowledged the leadership shown by Prime Minister. She underlined that there was a strong partnership and mutual trust between both parties now.
Terming Pakistan an important member of the IMF, she reassured to continue to help Pakistan.
The Prime Minister on the occasion appreciated MD Ms Georgieva for her positive approach and her frank comments during the Prime Minister's interaction with her in Paris. Eventually, the hard work on both sides paid off and Standby Arrangement (SBA) was signed.
The Prime Minister reassured that he will not tolerate an iota of violation of this agreement.
"This government is here till August after which an interim government will take over and he is confident that they will continue to fulfil the obligations. After elections, if the people of Pakistan re-elect his government, he is committed to turning over the economy with the help of IMF and development partners," said the Prime Minister.
Referring to Pakistan"s best quality mangos, the Prime Minister said it will be an honour to send a gift of Pakistani mangos to the Managing Director as a token of respect and deep appreciation.