IMF’s Georgieva says agreement on Pakistan review this week
WASHINGTON/ISLAMABAD (MNP) – International Monetary Fund Managing Director Kristalina Georgieva said in an interview with Bloomberg News on Wednesday that she expects an agreement on Pakistan’s review with the IMF to come this week.
In Pakistan, the primary issue is tax collection, Georgieva told Bloomberg, adding that the IMF is asking for tax collections to be at least 15 per cent of gross domestic product (GDP).
Georgieva commended Islamabad’s efforts, saying it has been sticking to the programme despite all the difficulties.
The statement comes as the IMF’s visiting and the Pakistani authorities completed talks in connection with the first of review of the $3 billion stand-by arrangement, the two sides will prepare a policy draft for future course of action today (Wednesday).
With the expectations that the dialogue will prove to be a success, the IMF delegation is scheduled to leave Islamabad later in the day as the decision about releasing $710 million in second tranche next month would be taken by its executive board.
