IMF program completion actions discussed: Finance Division

ISLAMABAD: The finance division said on Tuesday that further actions for the success of the IMF program on September 22 will be discussed in future reviews.

Following the publication of the IMF staff report after the approval of the 6th review under the Extended Financing Facility (EFF), different interpretations were reported in various sections of the journal on the way forward on actions. and political reforms, the division said.

In its clarifying statement, the finance division said that “all further actions will be discussed in future reviews. After mutual consensus on actions with the IMF, these will be proposed in the next FY23 budget.”

Last week, the IMF released its country report following the completion of the sixth review and approval by the Executive Board. This report includes an assessment of the current economic situation in Pakistan, as well as the economic and financial policies to be pursued by the Pakistani authorities to solve the current problems.

In the report, the IMF introduced new structural benchmarks that support ongoing efforts to strengthen revenue mobilization, public finance management, energy sector feasibility, governance, and the AML/CFT framework.

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