IMF indicates willingness to view targeted assistance for flood affectees

ISLAMABAD: International Monetary Fund (IMF) has indicated its willingness to sympathetically view the targeted assistance for poor and vulnerable, especially flood affectees.

According to the Finance ministry, Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held an online meeting with Nathan Porter, IMF Mission Chief for Pakistan.

The two sides discussed the progress made with the ongoing IMF program, particularly the impact of floods on macroeconomic framework and targets for the current year.

IMF indicated its willingness to sympathetically view the targeted assistance for poor and vulnerable, especially flood affectees.

It was agreed that expenditure estimates for flood related humanitarian assistance during the current year will be firmed up along with estimates of priority rehabilitation expenditure. In this regard engagement at the technical level shall be expeditiously concluded for proceeding with the 9th Review.

Finance Minister Senator Ishaq Dar reiterated GOP’s commitment to successfully completing the IMF program.

Earlier, it was reported that the IMF has asked Pakistan to reverse or compensate with new tax measures the losses of recently introduced measures (agricultural subsidies, exporter subsidies and power sector delays).

Meanwhile, a senior official said that the IMF did not have any issue with the agriculture package and no target for new revenues.

On the visit of the IMF team for ninth review, the official said that the details would be shared on finalization of dates.

 

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