IMF terms $7bn loan programme implementation ‘strong’ but no staff-level agreement signed

The International Monetary Fund (IMF) in the late hours of Friday termed Pakistan’s implementation of its $7 billion Extended Fund Facility (EFF) as “strong” as it gave its assessment conducted during a recent visit to the country.

The statement comes hours after Pakistan and the IMF concluded the first biannual review of the $7 billion loan programme on a positive note, without imposing additional revenue measures.

Instead, the government committed to maintaining fiscal targets through expenditure controls, particularly the development programme.

In an end-of-mission statement, mission chief Nathan Porter said: “Programme implementation has been strong, and the discussions have made considerable progress in several ...
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