MEFP implementation brings Pakistan, IMF close

  Pakistan has agreed to implement the Memorandum of Economic and Financial Policies (MEFP), which contains policy suggestions by International Monetary Fund (IMF) to be implemented by the member country

Sources have revealed that the staff level agreement between the fund and the country is expected next week

IMF has, according to sources, expressed satisfaction over the implementation of the recommendations of its review mission

The monetary fund has been assured of the implementation at the highest level

Finance department sources have revealed that increasing foreign reserves to meet the two-month import bill till June 30 has been agreed upon with the fund

Pakistan will also have to arrange more than ten billion dollars from friendly countries and international institutions

Sources claim that the friendly countries and international financial institutions will keep an eye on the ongoing loan program, which will end till June 2023 with IMF providing the remaining 2

5 billion dollars

Date:20-Feb-2023 Reference:View Original Link