IMF issues statement on loan talks with Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has issued an official statement following the conclusion of the 9th review talks on the stalled loan program.

IMF mission chief Nathan Porter, in a statement, said that the timely and decisive implementation of policy measures along with resolute financial support from official partners are critical for Pakistan to successfully regain macroeconomic stability and advance its sustainable development.

The statement, issued after the mission concluded its 10-day Pakistan visit, welcomed Prime Minister Shehbaz Sharif’s commitment to implement policies that are required to “safeguard macroeconomic stability”.

He also thanked the authorities for the “constructive discussions”.

Read more: Pakistan-IMF talks fruitful, announcement due shortly: sources

The IMF chief noted “considerable progress” was made during the talks with Pakistani officials on “policy measures to address domestic and external imbalances”.

The IMF mission chief said that the “virtual discussions” will continue between the two sides in the coming days to finalise the “implementation details” of the policies.

Finance Minister Ishaq said that talks with the International Monetary Fund (IMF) are “on track” and matters with the lender related to the loan programme were expected to be settled today (Thursday).