PM lauds IMF’s assistance to help strengthen country’s economic management

Prime Minister Muhammad Shehbaz Sharif Thursday appreciated the IMF’s technical assistance and capacity-building programs, which have helped strengthen the country’s institutions and improve its economic management.

He was talking to Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva in a meeting on the sidelines of the UNGA in New York.

Appreciating the collaboration with IMF for a successful Staff Level Agreement (SLA) for a 37-month, USD 7 billion Extended Fund Facility (EFF) for Pakistan, the prime minister highlighted the government’s commitment to implementing structural reforms and promoting private sector development.

The IMF managing director expressed the Fund’s support for Pakistan’s efforts and emphasized the importance of maintaining macroeconomic stability and promoting inclusive and sustainable growth.

During the meeting, they also discussed the urgent need to mobilize adaptation financing for climate change.

The prime minister agreed to have the finance minister take up this critical issue with senior management at the IMF during the Annual Meetings in October.

The two leaders also agreed to strengthen cooperation between the government and the IMF to promote economic stability and growth.