IMF team visit Pakistan for meetings with Finance Minister Miftah Ismail

The International Monetary Fund announced that it will likely be sending a project to Pakistan in May after the worldwide lender held “several meetings” with Finance Minister Miftah Ismail and his team in Washington.

The assertion of the project’s visit to Pakistan turned into made in a press release issued by means of the Finance Division following Ismail’s conferences with IMF officers.

Miftah had met IMF officials, consisting of Deputy Managing Director Antoinette Sayeh, Director MCD Jihad Azour, and Mission Chief Nathan Porter.

“The delegation discussed pathways to complete the seventh review. Miftah Ismail, Finance Minister, laid out his government’s priorities and efforts to bring fiscal discipline while insulating the vulnerable from oil price volatility in the international markets,” said the report.

The Finance Division stated that the IMF had “expressed guide” to the Pakistani delegation.

“An IMF mission lead by Mission Chief Nathan Porter will visit Pakistan in May to discuss the issues around subsidies on petrol and electricity announced by the outgoing government,” said the report.

Finance Minister Miftah and his crew had also met World Bank’s Managing Director Axel von Trotsenburg, Vice President Hartwig Schafer, and other officials nicely all through the trip.

“Progress of on-going program loans and projects as well as avenues for further assistance were discussed. The finance minister thanked the bank officials for the financial and technical support provided by the bank throughout. MD Operations also assured full support for Pakistan,” the statement said.

The delegation also met vice-chairman IFC, VP MIGA, and executive directors of the IMF.