The True Post (Web News) An important meeting of the IMF Executive Board will be held tomorrow. The meeting will also consider approving the first tranche of the loan under climate financing for Pakistan.
IMF officials have indicated that Pakistan has taken significant and notable reform steps to improve the economy in recent months, which will be reviewed in detail during the meeting. The IMF says that it will work closely with Pakistan and fully support the current economic program to address the challenges facing the economy, including the possibility of approving the first economic review and the next tranche of $1 billion under the Extended Fund Facility (EFF) program for Pakistan. Positive developments are also expected in the regional situation. IMF officials are hopeful that the recent tensions between India and Pakistan will soon subside, paving the way for economic stability and growth in the region.
