IMF, Pakistan agree to keep $6b program on track

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Staff Reporter

Islamabad

The International Monetary Fund (IMF) announced on Thursday that it reached a staff-level agreement with Pakistan after both sides finally built consensus on future policy actions that are needed to keep the $6 billion programme on track.
“The International Monetary Fund staff and the Pakistani authorities have reached a staff-level agreement on policies and reforms needed to complete the second review of the authorities reform programme supported under the Extended Fund Facility (EFF),” said Ernesto Ramirez Rigo, IMF Mission Chief for Pakistan, in a statement issued from Washington.
On February 14, the staff of the international creditor returned to Washington without reaching the staff-level deal due to disagreement over a mini-budget and increase in electricity prices.

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