IMF’s Lipton, PM Khan discuss implementing Pakistan’s economic reform program

July 22, 2019 Off By Web Desk

Acting Managing Director of the International Monetary Fund (IMF) David Lipton discussed with Pakistan’s Prime Minister Imran Khan recent economic developments and the implementation of the Islamabad’s economic reform program supported by the IMF.

“I was pleased to meet Prime Minister Khan of Pakistan today in Washington, DC. We discussed recent economic developments and the implementation of the authority’s economic reform program supported by the IMF,” Lipton said in a statement following his meeting with Khan on Sunday.

“Their program aims to stabilize the economy, strengthen institutions and thereby put Pakistan on a path of sustainable and balanced growth,” he noted.

He also highlighted the need for Pakistan to mobilize domestic tax revenue now and on into the future to provide reliably for needed social and development spending, while placing debt on a firm downward trend.

“The IMF, together with other international partners, is working closely with the government of Pakistan to support the implementation of the authorities’ economic reform program,” Lipton said.

On 3 July 2019, the IMF Executive Board approved a 39month extended arrangement under the Extended Fund Facility (EFF) for Pakistan for an amount of about US$6 billion to support the authorities’ economic reform program.

Source: International Islamic News Agency