Pakistan is in discussions with the International Monetary Fund (IMF) on a potential follow-up program to its nine-month, $3 billion stand-by arrangement, IMF chief Kristalina Georgieva said on April 11. Speaking in Washington, Georgieva said Pakistan was successfully completing its existing program with the IMF and was now "turning to the fund for potentially having a follow-up program." But she said that it had important issues to solve, including "the tax base, how the richer part of society contributes to the economy, the way public spending is being directed, and of course, creating...a more transparent environment."
IMF Chief Says Pakistan Seeking Potential Follow-Up Loan Program
IMF chief Kristalina Georgieva (left) meets with Pakistani Prime Minister Muhammad Shehbaz Sharif in June 2023.