IMF Chief Reaffirms Support for Pakistan’s Economic Reforms

Wed Feb 12 2025
icon-facebook icon-twitter icon-whatsapp

DUBAI: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has reaffirmed the international lender’s commitment to supporting Pakistan’s reform agenda.

During a meeting with Pakistan’s Prime Minister Shehbaz Sharif on the sidelines of the World Governments Summit (WGS) 2025 in Dubai she emphasised the importance of sustained fiscal discipline, structural reforms, and good governance to ensure long-term economic stability and growth.

According to a statement from the Prime Minister’s Office (PMO), both sides discussed Pakistan’s ongoing IMF programme and the macroeconomic stability achieved through the government’s comprehensive reform agenda.

The discussions highlighted Pakistan’s commitment to implementing structural reforms and maintaining fiscal discipline, which has been instrumental in restoring economic stability and will be critical in driving sustainable growth, going forward.

“Prime Minister Shehbaz Sharif underscored the progress made under the IMF’s Extended Fund Facility (EFF), which has played a key role in stabilising Pakistan’s economy; setting it on the path of long-term recovery,” the statement said.

He reaffirmed the government’s resolve to sustain the reform momentum, particularly in critical areas such as tax reform, energy sector efficiency, and private sector development.

The Prime Minister assured Georgieva of Pakistan’s commitment to economic prudence, efficiency, and sustainability as essential pillars for achieving inclusive and sustained growth.

ALSO READ: Pakistani Textiles Showcased in Paris Exhibition

Georgieva commended Pakistan’s efforts in effectively implementing the IMF-supported program, highlighting the country’s improving economic performance with rising growth and declining inflation.

She recognised that Pakistan is on the path to growth and has undergone economic recovery.

In a post on X, she said, “Wonderful to meet Prime Minister @CMShehbaz and his team.” “I am encouraged by their strong commitment to Pakistan’s IMF-supported reforms and their decisive actions to pave the way to higher growth and more jobs for Pakistan’s youthful population.”

These comments come amid the IMF team’s visit to the country for a week-long scrutiny of the judicial and regulatory system as part of the ongoing $7 billion Extended Fund Facility (EFF) to address governance and corruption vulnerabilities.

icon-facebook icon-twitter icon-whatsapp