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IMF Releases Key Documents for Pakistan’s 2024 Article IV Consultation and Extended Fund Facility Request

Islamabad: As Pakistan continues to address its economic vulnerabilities and structural challenges, the International Monetary Fund (IMF) has released several critical documents pertaining to the country’s 2024 Article IV Consultation and its request for an Extended Arrangement under the Extended Fund Facility. This release follows Pakistan’s efforts, under a new government, to stabilize and grow its economy through a multi-year reform program aimed at achieving resilient and inclusive economic growth.

According to International Monetary Fund, the released documents include a press release with a statement from the Chair of the Executive Board, summarizing the board’s views from their September 25, 2024, meeting. The documents detail the discussions held with Pakistani officials on economic developments and policies, which concluded on May 23, 2024. The staff report, finalized on September 11, 2024, along with an informational annex and a statement by the Executive Director for Pakistan, outline both progress and ongoing challenges in the nation’s economic landscape.

The IMF’s transparency policy, which allows for the deletion of market-sensitive information in these publications, underscores the sensitive nature of the economic strategies discussed. The documents highlight the continued economic stabilization efforts post the 2023-24 Stand-By Arrangement (SBA) and signal a robust engagement by Pakistan’s government in implementing comprehensive economic reforms.

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