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IMF says having 'constructive' talks with Pakistan as part of program review

Published 03/17/2022, 10:59 AM
Updated 03/17/2022, 11:00 AM
© Reuters. FILE PHOTO: The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

WASHINGTON (Reuters) - The International Monetary Fund on Thursday said it was having constructive, ongoing discussions with Pakistan as part of a seventh program review of a $6 billion rescue package.

© Reuters. FILE PHOTO: The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

Pakistani officials have said they are confident they can address any concerns the IMF may have about a $1.5 billion electricity subsidy adopted by authorities there.

IMF spokesman Gerry Rice did not comment directly on the fund's view of the subsidy plans, but said the ongoing discussions had been "constructive" in terms of ensuring that Pakistan met its key objectives of "fiscal prudence, external sector viability (and), due protection of vulnerable groups from high international energy and food prices."

Latest comments

With lowest GDP in years and dwindling terrorism export market, how are they going to repay the loan?
India terrorism market. You got wrong country
How to print money and enslave people 101
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