Published On: Sat, May 25th, 2019
Published in Category: Islamabad

IMF programme will economically strengthen Pakistan: Gerry Rice

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ISLAMABAD: Spokesperson for International Monetary Fund Gerry Rice says IMF programme will economically strengthen Pakistan.

In an online briefing to journalists, he said the IMF program will expedite economic progress and bring improvement to social sector, human development and infrastructure in the country. He said debt burden of Pakistan will also get lessened through the IMF programme.

Gerry Rice said IMF wants economic reforms in Pakistan.

He said negotiations were held with Pakistan for six billion dollars program, and staff level talks were held on 12th of this month.

Gerry Rice said that the the programme is aimed at reducing public debt, and helping Pakistan get back on the path to sustainable and more inclusive growth.

“We hope that the program can also create fiscal space for a substantial increase in social spending, to strengthen social protection, as well as infrastructure and other human capital development,” said Rice.

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