Dubai, February 12, 2025 — In a significant endorsement of Pakistan’s economic trajectory, International Monetary Fund (IMF) Managing Director Kristalina Georgieva lauded the nation’s reform efforts during a meeting with Prime Minister Shehbaz Sharif at the World Government Summit 2025.
Progress Under the Extended Fund Facility
Prime Minister Sharif highlighted the strides made under the IMF’s Extended Fund Facility (EFF), emphasizing its pivotal role in stabilizing Pakistan’s economy and setting it on a path of long-term recovery. The EFF has been instrumental in implementing structural reforms aimed at fiscal consolidation and economic resilience.
Commitment to Structural Reforms
The discussion underscored Pakistan’s dedication to adopting structural reforms and maintaining fiscal discipline. Key areas of focus include:
- Taxation: Broadening the tax base to enhance revenue collection.
- Energy Efficiency: Implementing measures to improve energy utilization and reduce losses.
- Private Sector Development: Creating an enabling environment for private enterprises to thrive.
These initiatives are designed to foster sustainable economic growth and reduce vulnerabilities.
IMF’s Perspective
Managing Director Georgieva acknowledged Pakistan’s progress and reiterated the IMF’s support for the country’s reform agenda. She emphasized the importance of continued efforts to ensure macroeconomic stability and inclusive growth.
Looking Ahead
As Pakistan prepares for the first review of the $7 billion IMF bailout in early March, the government and central bank have expressed confidence in meeting program targets. The ongoing collaboration with the IMF is expected to further strengthen Pakistan’s economic fundamentals and promote long-term prosperity.
