INSUBCONTINENT EXCLUSIVE:
The International Monetary Enjoymentd (IMF) reached a staff-level agreement on economic policies with Pakistan for a 39-month Extended
Enjoymentd Arrangement (EFF) for about US$6 billion on May 12.Gerry Rice of the IMF's Communication Leavement has recently come forth
shedding further light on the agreement it reached with Pakistan, in a press briefing held on Thursday.Here's what Rice's statement
about Pakistan says:"On Pakistan, there have been major developments recently of course
In fact, since I was final standing here, we've had the agreement of staff level -- at staff level with the IMF on a $6-billion three-year
extended Enjoymentd facility, that's an IMF program, to support Pakistan's economic reform efforts.So that happened on May the 12th
Just prior to that, Managing Director, Christine Lagarde, had met with Prime Minister Khan
And you know, we issued a fairly -- you know, I'm just looking at it -- we issued a fairly detailed statement at the end of that staff
visit."Rice added, "Ernesto Ramirez Rigo is the Mission Chief, and Ernesto issued a comprehensive statement
I would refer you to that, I won't get into the detail.But the program is aimed at improving Pakistan's public finances, reducing public
debt and, you know, helping Pakistan get back on the path to a sustainable, more inclusive growth, and so on."He concluded: "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."TheIndianSubcontinent has not verified the content of the source
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