The International Monetary Fund (IMF) is expressing eagerness to collaborate with Pakistan's incoming government to ensure macroeconomic stability and prosperity, a top official stated.
Despite maintaining silence regarding imprisoned former Prime Minister Imran Khan's call for an "audit" of election results, the IMF remains focused on engaging constructively with Pakistan's new leadership.
Julie Kozack, head of the IMF's Communications Department, emphasized the institution's commitment to working with the new government on policies aimed at fostering economic stability and prosperity for all citizens.
Regarding inquiries about Pakistan's eligibility for the third tranche of the stand-by agreement and Khan's potential letter regarding election irregularities, Kozack refrained from providing detailed comments, emphasizing the IMF's focus on economic stabilization efforts.
Highlighting recent IMF activities, Kozack noted the approval of the first review of the Stand-By Arrangement with Pakistan in January, totaling disbursements of USD 1.9 billion. The IMF's support aims to assist Pakistan in stabilizing its economy while prioritizing the protection of vulnerable populations.
Addressing fiscal conditions, Kozack acknowledged the interim government's efforts in maintaining economic stability through adherence to fiscal targets and prudent monetary policies. However, she declined to comment on ongoing political developments, including potential correspondence from Khan regarding election scrutiny.
Meanwhile, Khan, barred from public office due to prior convictions, has vowed to write to the IMF, urging the organization to suspend support to Pakistan until election audits are conducted. Khan's party alleges that rival political factions are attempting to form a government based on what they deem a "stolen mandate."
Amidst these developments, the IMF's review mission is expected to visit Islamabad in the coming weeks to finalize details of a prospective medium-term bailout package, contingent upon the completion of government formation at federal and provincial levels. Originally slated for February, the mission's visit was postponed due to concerns surrounding the general elections.
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