The first round of ‘conversation’ between Pakistan and the IMF over the former’s desire for a larger and lengthier programme appears to have ended, albeit some bumps remain visible. The IMF recently warned that heightened political uncertainty and the rise of social tensions could jeopardise economic stability. “The return of the outgoing government to office following the elections signals a sustained commitment to the reform agenda agreed upon during the SBA. This not only increases the chance of reform continuation, but also ensures political stability over the next five years. According to the just finished interaction with the IMF mission, the next phase of economic stabilisation would be extremely difficult for the majority of the population.

Source: The Patriot May 25, 2024 03:29 UTC