The Internationwide Financial Fund (IMF) chief Kristalina Georgieva has hoped that Pakistan gained’t face Sri Lanka and Ghana-like conditions.
Pakistan has met all the mandatory necessities for receiving a crucial $1.1 billion bailout from the worldwide donor, as introduced by the Pakistani authorities.
Pakistan gained’t default. “It is best not to get there, and currently, we are not there yet,” IMF Managing Director Kristalina Georgieva mentioned at a information briefing in Washington.
IMF’s MD touch upon my query on the doable debt restructuring of Pakistan given the local weather challenges the nation is dealing with She is hopeful that Pakistan will not undergo the trail of Sri Lanka or Ghana and can full the present programme @KGeorgieva#IMFMeetings pic.twitter.com/ts7dGxqicu
— Ali khizar (@AliKhizar) April 13, 2023
The IMF chief additionally hoped that with the implementation of what has been already agreed by the Pakistani authorities, we will full our present programme efficiently.
Responding to a query in regards to the affect of local weather change on Pakistan’s financial system, the IMF chief mentioned in 2011 she had the chance to see what local weather change meant for the folks of Pakistan. “And I know that (last summer’s) flood is much more dramatic than the one I witnessed,” she added.
Pakistan ought to make a coverage framework that makes it doable to keep away from what you’re speaking about, the IMF chief mentioned.
The IMF and Pakistani officers, she mentioned, had been additionally discussing tips on how to help Pakistan “in terms of providing financial assurances so we can complete the programme”.