’Considerable progress’ made in Pakistan talks, says IMF

Pakistan and the International Monetary Fund (IMF) have made “considerable progress” in discussions on the third review of the country’s Extended Fund Facility (EFF) programme, IMF mission chief Iva Petrova said on Wednesday, adding that talks will continue in the coming days to further assess the impact of recent global developments on the economy. In a statement, she said that the IMF mission and the Pakistani authorities held discussions on the third review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the second review of the 28-month arrangement under the Resilience and Sustainability Facility (RSF). “While considerable progress was made in the discussions, these will continue in the coming days, including to more fully assess the impact of recent global developments on Pakistan’s economy and the EFF-supported program,” the IMF chief said.