International Monetary Fund asked Pakistan to disclose country’s debt with absolute transparency to receive the IMF bailout package.
For IMF bailout package, the organization asked Pakistan to disclose all debts with absolute transparency. Yesterday, Christine Lagarde, IMF Managing Director said that she met with State Bank Governor Tariq Bajwa, Finance Minister Asad Umar, and other economic team members. However, they requested the financial assistance to improve the economy of Pakistan.
During the World Bank Group and IMF annual meetings, Christine Lagarde said that whatever work they do, they need to have a complete understanding and absolute transparency about the nature, size, terms of the debt the particular country bears.
Christine Lagarde revealed thar the IMF team will visit Pakistan in coming weeks to discuss the IMF supported economic program.
According to sources, IMF called for increase in power, gas prices in Pakistan. However, they issued a statement about this matter. The country is facing such different economic situation, with high current account and fiscal deficits and lowering of international reserves.