Pakistan Informs IMF of Economic Stabilization Initiatives During UN General Assembly Meeting

Pakistan Informs IMF of Economic Stabilization Initiatives During UN General Assembly Meeting

In Islamabad on September 21, 2023, Pakistan's interim Prime Minister, Anwaar-ul-Haq Kakar, held a meeting with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), during the 78th UN General Assembly session in New York. The purpose of the meeting was to discuss the government's actions aimed at stabilizing Pakistan's economy.

Prime Minister Kakar expressed his appreciation to the IMF for approving a $3 billion Stand-By Agreement, which is intended to provide crucial support to Pakistan's economy. He highlighted the government's dedication to safeguarding vulnerable sections of society during these economically challenging times.

During the meeting, the Prime Minister presented an overview of the diverse measures implemented by the government to stabilize and rejuvenate Pakistan's economy. These initiatives have been carefully crafted to establish a stable and favorable environment for sustainable economic growth and investment.

In response, IMF Managing Director Kristalina Georgieva lauded Pakistan's committed efforts in executing policies and reforms aimed at revitalizing the economy. She provided assurance of the IMF's ongoing commitment to engage with Pakistan.

This meeting between the interim Prime Minister and the IMF Managing Director underscores Pakistan's determination to collaborate closely with international financial institutions to address economic challenges and promote stability and growth.

These discussions hold immense significance as Pakistan navigates its economic trajectory, ensuring the welfare of its citizens while fostering an environment conducive to investment and sustainable development.

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