The international Monetary Fund (IMF) is willing to help Pakistan create a new plane for its economy if the new government asks for it.
A spokesperson for the IMF mentioned on this Friday. They also emphasized the importance of resolving any disagreement from the elections fairly. This means that if Pakistan’s new government wants assistance in managing its economy better, the IMF is ready to provide guidance and support. It’s all about making sure that Pakistan’s economy can grow and develop in the best way possible.
IMF Pakistan has been having financial problems lately and had quite a rough ride with its February 8th election. The formation of a coalition government was delayed by the elections until Monday, when Shehbaz Sharif became the new Prime Minister. Still, they have not yet chosen a finance minister.
A representative of International Monetary Fund (IMF) welcomed the idea of working together with that new government and said they were willing to assist Pakistan in overcoming its economic challenges. This requires looking at a country’s financial condition and, if need be, helping it to make another blueprint for the economy.
These borrowed words refer to an agreement between Pakistan and IMF last summer worth $3 billion. However, despite this agreement, Pakistan has been facing high inflation rates, currency devaluation as well as reduction in foreign reserves.
Imran Khan, who has recently been imprisoned, his party reached out to the IMF to examine the lawfulness of the polls in February before negotiations on financial help can be conducted with Pakistan government.
The IMF stated that they never get involved in a country’s local politics but what they need is to have peace and justice for any election disputes resolved. The organization believes this is essential for stability and economic progress of a country.
Additionally, their representative said that IMF’s primary objective in working with Pakistan was to assist them overcome their financial difficulties, address chronic economic problems as well as ensuring growth of economy which is inclusive and ensures everyone benefits.