WASHINGTON: The US supports Pakistan’s efforts to “break free” from the vicious cycle of debt and financing, a State Department Spokesperson said, urging the new government to continue working with the International Monetary Fund and other global financial institutions.
Spokesperson Mathew Miller told his daily news briefing said that Pakistan’s new government must immediately prioritize the economic situation because the policies over the upcoming several months would be crucial to maintaining economic stability in the country.
Miller was responding to a query at the daily State Department briefing about a letter sent by PTI founder Imran Khan to the IMF, suggesting to link the next loan program to an audit of the February 8 general elections in Pakistan.
The Spokesperson said that he would just say with respect to the IMF that the United States was supporting Pakistan’s efforts to break free from the vicious cycle of debt and international financing.
He added that the long-term health of Pakistan’s government or economy was crucial to its stability.
Pakistan’s Financial Challenges
Islamabad has been facing financial challenges in recent years, with dwindling foreign exchange reserves and the declining value of its national currency.
