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The authorities have demonstrated strong program implementation, which has contributed to improving financing and external conditions, and a continuing economic recovery,
the IMF said in a statement This is a serious gap highlighting the urgent need to ensure that moral values are given appropriate consideration in the procedures followed by global financial institutions.”
The official statement added This decision allows for an immediate disbursement of around USD 1 billion (SDR 760 million), bringing total disbursements under the arrangement to about USD 2.1 billion (SDR 1.52 billion),
Indian attempts to sabotage the IMF programme have failed,
Pakistan’s policy efforts under the EFF have already delivered significant progress in stabilizing the economy and rebuilding confidence, amidst a challenging global environment,
the IMF said in a statement As an active and responsible member country, India raised concerns over the efficacy of IMF programs in the case of Pakistan given its poor track record, and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism,
the finance ministry said in a statement Had the previous programs succeeded in putting in place a sound macro-economic policy environment, Pakistan would not have approached the Fund for yet another bail-out program,
It is quite clear that the financial package to Pakistan is almost sanctioned,
he said, requesting anonymity Traditionally we abstained from voting at IMF [on such matters].”
The finance ministry’s spokesperson for matters related to IMF could not be reached, but an official in the North Block said The IMF took note of the India’s statements and its abstention from the vote,
India pointed out that such a track record calls into question either the effectiveness of the IMF program designs in case of Pakistan or their monitoring or their implementation by Pakistan,
Prime Minister Shehbaz Sharif expressed satisfaction over the approval of a USD 1bn dollar instalment for Pakistan by the IMF and the failure of India's high-handed tactics against it,
according to a statement issued by the PMO We are working on priority areas such as tax reform, improved energy sector performance and private sector development. The improved economic indicators in the last 14 months are a reflection of the government’s positive policies,
India pointed out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community, exposes funding agencies and donors to reputational risks, and makes a mockery of global values. While the concern that fungible inflows from international financial institutions, like IMF, could be misused for military and state sponsored cross border terrorist purposes.”
A statement by the Centre said Prime Minister Muhammad Shehbaz Sharif expresses satisfaction over the approval of a $1 billion tranche by the International Monetary Fund (IMF) for Pakistan,
his office said in a statement
