IMF and Pakistan reach staff-level agreement on latest fund reviews
The International Monetary Fund and Pakistani officials agreed on conditions for two major financial facilities last week.
Agreement details and conditions
Staff members from the IMF and Pakistan finalized a deal regarding the fourth review of the Extended Fund Facility. They also completed the third review of the Resilience and Sustainability Facility. This arrangement requires approval from the Executive Board before it becomes official.
Required policy measures
The agreement demands that monetary policy remain tight while exchange rates stay flexible. Pakistan must also deliver a primary surplus and continue reforms to energy pricing. Officials say these instructions are not new but repeat previous advice given during economic distress.
Reform focus areas
Energy sector changes are part of the ongoing reform agenda for the country. The IMF staff reiterated the need for fiscal consolidation alongside these specific energy adjustments. These steps aim to address inflation and structural issues within the local economy.
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