Discussions on 9th review productive so far: IMF

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International Monetary Fund Resident Representative for Pakistan Esther Perez Ruiz said on Wednesday that discussions between Islamabad and the international moneylender on the ninth review of $7b Extended Fund Facility had been “productive” so far.

Pakistan entered a $6b IMF programme in 2019, which was increased to $7b earlier this year. The programme’s ninth review is currently pending with remote talks being held between IMF officials and the government for the release of $1.18b.

“Discussions to date in the context of the 9th review have been productive, and have enabled a revision to the macroeconomic outlook post floods as well as an in-depth evaluation of fiscal, monetary, exchange rate, and energy policies adopted since the completion of the combined seventh and eight reviews,” Ruiz said.