IMF, Pakistan to continue cooperation

Fund official, federal minister discuss global economic crisis

ISLAMABAD: The International Monetary Fund (IMF) would continue to cooperate with Pakistan for sustainable economic growth in future, said IMF Resident Representative Teresa Daban Sanchez.

In a meeting with Federal Minister for Economic Affairs Makhdoom Khusro Bakhtiar on Thursday, the two sides exchanged views on the looming global economic crisis, negative impact on communities due to the coronavirus pandemic and cumulative global response to combat the Covid-19 shock. The minister praised the IMF’s support of $1.4 billion under the Rapid Financing Instrument to cushion the socio-economic impact of the Covid-19 outbreak.

He highlighted that the government and IMF were working together for much-needed structural reforms for fiscal consolidation and long-term sustainable growth.

Bakhtiar expressed hope that the IMF and Pakistan would collaborate to mitigate the impact of the pandemic on a regular basis and would address the emerging situation while keeping focus on social safety nets for the vulnerable section of society to navigate through the crucial time.

Published in The Express Tribune, May 15^th, 2020.

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