IMF Pakistan Economic Crisis: Shahbaz government is celebrating getting loan, IMF gave big warning to Pakistan

The financial condition of Pakistan is not hidden from anyone. Now the International Monetary Fund has warned that this poor country is facing extreme danger. IMF has said in its recent report that apart from the fresh loan of $3 billion, Pakistan will need another package after the upcoming elections. The Fund said in a 120-page report analyzing Pakistan’s macroeconomic outlook that resolving Pakistan’s structural challenges, including long-term BoP (balance of payments) pressures, would require continued adjustments and creditor support beyond the current program period.

The report is based on the Memorandum of Economic and Fiscal Policies (MEFP) signed by Finance Minister Ishaq Dar and State Bank Governor Jameel Ahmed, Dawn reported. Dawn is one of the daily newspaper of Pakistan which reports on social, political, economic issues in the country. The report said that a potential successor arrangement could help make necessary policy adjustments to restore Pakistan’s medium-term viability and ability to repay.

The IMF’s assessment noted that Pakistan’s economic challenges were complex and multidimensional and that the risks were exceptionally high. Addressing them requires firm implementation of agreed policies as well as sustained financial support from external partners. Consistent and decisive implementation of program agreements will be essential to mitigating risks and maintaining macroeconomic stability.