IMF Says Pakistan Taking Decisive Steps Toward Meeting Program
- Fund team continues talks to quickly reach loan deal: official
- Country seeking to unlock lending before agreement expiration
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The International Monetary Fund said Pakistan is taking “decisive steps” to push through a series of economic reforms, a sign that an agreement may be near to revive a bailout program set to expire this month.
The country’s authorities are bringing policies “more in line with the economic reform program supported by the International Monetary Fund,” the crisis lender’s Pakistan mission chief, Nathan Porter, said in a statement. “The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support.”