‘IMF board had doubts about Pakistan’s intentions to meet commitments’

Prime Minister Shehbaz Sharif met Kristalina Georgieva, Managing Director of IMF.  - Twitter / @KGeorgieva
Prime Minister Shehbaz Sharif met Kristalina Georgieva, Managing Director of IMF. – Twitter / @KGeorgieva
  • IMF chief says PM Shehbaz made a solid case to secure deal.
  • Georgieva assured the board, “Pakistan will fulfill its commitments”.
  • PM says it would be an honor to send Pakistani mangoes to the IMF chief.

Appreciating Prime Minister Shehbaz Sharif’s key role in winning the confidence of the International Monetary Fund (IMF), its chief Kristalina Georgieva said the Washington-based lender is committed to Pakistan’s commitment to the loan due to previous confidence losses. was in doubt, according to state-run application,

The managing director of the IMF said this in a telephonic conversation with Prime Minister Shehbaz Sharif on Friday, a day after Pakistan received the $1.2 billion tranche of the $3 billion stand-by arrangement (SBA) with the global lender last month. Got it.

The IMF MD said that Pakistan’s prime minister presented a very convincing case, although the IMF board was skeptical of the country’s commitment to meeting the terms of the accord due to a “past trust deficit”.

However, in light of her continued engagement with the Prime Minister, she assured the Board that Pakistan would fulfill its commitments as she personally met Prime Minister Shehbaz and saw his seriousness towards fulfilling them. application The IMF chief has been quoted as saying.

He acknowledged the leadership shown by the outgoing Prime Minister and underlined that there is now a strong partnership and mutual trust between the two sides.

Describing Pakistan as an important member of the IMF, he assured continued assistance to Pakistan.

Prime Minister Shehbaz expressed his deep gratitude to Georgieva for her support and assistance in materializing the recently concluded $3 billion stand-by agreement.

The PM also appreciated the MD for his leadership and professionalism. He also acknowledged that the head of the Washington-based lender cares for the poor and called his support invaluable.

Prime Minister Shehbaz appreciated Georgieva for her positive outlook and her candid comments during her conversation in Paris.

The Prime Minister also assured that he would not tolerate even an iota of violation of this agreement.

“This government is here till August after which an interim government will take over and they are confident that they will continue to fulfill the obligations,” the prime minister was quoted as saying.

After the election, if the people of Pakistan re-elected his government, PM Shahbaz said he was committed to transforming the economy with the help of the IMF and development partners.

Further, referring to the best quality mangoes of Pakistan, the Prime Minister said that it would be an honor to send a gift of Pakistani mangoes to the IMF chief as a token of respect and deep appreciation.


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