Pakistan’s Prime Minister Shebhaz Sharif has assured the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, that his country will comply with the terms of the aid loan program despite the country’s financial situation, where right now there are only enough currency reserves left for less than three weeks of imports.
«I have conveyed to the managing director the government’s resolution to complete the terms of this program,» the prime minister assured on Saturday on his Twitter account after Friday’s conversation with Georgieva, to whom he explained, however, «the economic difficulties the country is going through after the devastating floods.»
The torrential rains that swept the country in the fall of last year left 1,700 dead and property damage worth nearly 14 billion euros.
The prime minister’s statement comes after he announced the visit of an IMF delegation to Pakistan to try to finalize the ninth review of the so-called Extended Fund Facility worth €6.6 billion that the country signed in 2019.
Pakistan would receive, in the case of a successful review, 1.1 billion euros, but the Pakistani government has refused to accept certain conditions from the Fund, recalls the daily ‘Dawn’.
Source: (EUROPA PRESS)
