WASHINGTON/ISLAMABAD: IMF Managing Director Kristalina Georgieva highlighted that Pakistan must resolve critical issues to pave the way for a new bailout program following the completion of its $3 billion stand-by arrangement.
Georgieva acknowledged Pakistan’s significant economic progress but emphasized unresolved concerns, including expanding the tax base, enhancing public spending efficiency, and ensuring transparency.
A recent staff-level agreement on the final review of the current arrangement is poised to unlock around $1.1 billion pending board approval scheduled for end-April 2024.
Pakistan is engaged with IMF on the next multi-year program after finishing the one-year bail-out facility. The last facility had seen many obstacles and reforms implementations had also been with more than one hiatus.
