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Home » Pakistan and IMF contacts for the EFF Program’s 6th Review
Pakistan

Pakistan and IMF contacts for the EFF Program’s 6th Review

Naeem Ur RehmanBy Naeem Ur RehmanAugust 31, 2021No Comments2 Mins Read2 Views
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According to Business Recorder on Tuesday, Pakistani officials are in contact with the International Monetary Fund over the sixth review of the Extended Fund Facility (EFF) programme.

According to Teresa Dabán Sanchez, the International Monetary Fund’s (IMF) Resident Representative in Pakistan, the two parties are engaged in technical and data talks for the purpose.

“We remain ready and look forward to our continuing conversations with Pakistani authorities on the set of policies and reforms that may form the foundation for the conclusion of the 6th review under the EFF,” she told the reporters.

  • The IMF is ready to relax its conditions regarding the new national budget
  • $15 billion: The government’s largest borrowing plan in the country’s history
  • 8 Benefits of Group Study and Group Discussion
  • Economic Fall of Pakistan in 2020
  • The federal budget of Rs 7400 billion for the next financial year will be presented today

Sanchez added that no statement could be made until the discussions were completed, but the news report cited Ministry of Finance sources as saying that the Minister of Finance, Shaukat Tarin, and the Finance Secretary have been holding closed-door discussions via video conference with the IMF team in Washington.

Minister Tarin is also expected to go to Washington from the 11th to the 17th of October for the World Bank and IMF’s annual meetings.

He is optimistic that he would be able to persuade the IMF team to agree to a different strategy for the electricity industry than what was approved in February.

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