Islamabad (ewntv Islamabad Pk) Spokesperson of the International Monetary Fund (IMF) has confirmed the letter written by Tehreek-e-Insaf to the IMF and has said in response that the IMF comments on internal political issues. The IMF's mandate is limited to economic rather than political issues, but we recognize the importance of the institutional environment for economic stability and development, encouraging transparent and peaceful resolution of electoral disputes, business and investment. "We look forward to completing a second review of the current standby loan program with the new government. We look forward to the government's request for a new medium-term economic program."
Correspondent Esther Perez confirmed that the IMF received a letter from PTI on February 28 regarding Pakistan's loan program. In response to the letter, Esther Perez said that the objective of our relationship with Pakistan is financial stability, our objective is sustainable and inclusive development for the benefit of the citizens. To support sustainable and grassroots growth for the benefit of all Pakistani citizens and address balance of payments challenges and long-term economic stability, in addition to taking measures to collect high-quality revenue by expanding the tax base. Supports and increases support for the country's poorest through energy sector rehabilitation, institutional governance improvement and anti-corruption initiatives, reform of loss-making public institutions, climate change construction, and investment promotion. To provide equal growth opportunities and employment opportunities to the private sector. The IMF spokesman says that if the government requests, it can create a new medium-term bailout package.
Amid rejection of PTI's demand for an investigation into the alleged fraud, the IMF has made it clear that it is looking forward to discussions with the new government to complete the second review, and if the government so requests, a new mid-term period. can form a bailout package of After receiving a clear response from the IMF, Pakistani authorities are now exploring options to augment the request for the upcoming bailout package with climate finance. One of the options can be explored through the IMF's Resilience and Sustainability Trust, which helps low-income and vulnerable middle-income countries build resilience against external shocks and ensure sustainable growth. This helps in their long-term balance payment stability. A senior official cited the RST facility as saying it complements the IMF's existing lending toolkit by providing long-term, affordable financing to address long-term challenges, including climate change and pandemics. .
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