Prime Minister Shehbaz Sharif expresses the committed to put Pakistan’s economy back on track through structural reforms, strict fiscal discipline and prudent policies to ensure macro-economic stability and sustained economic growth.
He was talking to Managing Director of the International Monetary Fund Ms Kristalina Georgieva, on the sidelines of the World Economic Forum Special Meeting in Riyadh today.
This was the first meeting between the Prime Minister and the Managing Director IMF since his re-election. They last met in Paris in June last year on the margins of the Summit for New Global Financial Pact.
The Prime Minister thanked Ms. Georgieva for her support to Pakistan in securing the three billion dollars Standby Arrangement from the IMF last year that is now nearing its completion. The IMF Executive Board is expected to meet tomorrow to decide on the final tranche of 1.1 billion dollars under the Standby Arrangement.
The Managing Director of IMF appreciated the leadership of Prime Minister Muham
mad Shehbaz Sharif for timely securing the Standby Arrangement last year.
Both sides also discussed Pakistan entering into another IMF program to ensure that the gains made in the past year are consolidated and its economic growth trajectory remains positive.
The Managing Director shared her institution’s perspective on the ongoing program with Pakistan, including the review process.
Shehbaz Sharif also extended a cordial invitation to the Managing Director IMF to visit Pakistan at her convenience.
Source: Radio Pakistan