IMF willing to work with new Pakistani government. The International Monetary Fund (IMF) has signaled its willingness to collaborate with Pakistan’s new government, despite Prime Minister Imran Khan’s call for an audit of recent election results before further loan disbursements to Islamabad.
In a press briefing, IMF’s Director of Communications, Julie Kozack, announced the approval of $1.9 billion in disbursements under the Standby Arrangement (SBA) on January 11.
Kozack underscored the program’s goal to support the government in stabilizing the economy, particularly focusing on protecting vulnerable segments of society.
Commending the interim administration, Kozack noted their success in maintaining economic stability, citing adherence to fiscal targets, social safety net protection, and implementation of a stringent monetary policy to combat inflation and bolster foreign reserves.
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Expressing optimism about collaboration with the new government, Kozack emphasized the formulation of policies aimed at ensuring macroeconomic stability and prosperity for all Pakistani citizens.
Regarding Imran Khan’s request for an election audit, Kozack refrained from commenting on ongoing political developments.
The IMF’s stance comes after Imran Khan urged the IMF to conduct an audit of the February 8 election before proceeding with further loan negotiations.
Khan’s counsel, Barrister Ali Zafar, emphasized the importance of upholding good governance standards outlined by organizations like the IMF and EU.
Zafar argued that democracy’s integrity is compromised if election mandates are questioned, citing alleged irregularities during the recent polls.
Zafar outlined Khan’s request for an independent audit of constituencies where irregularities were reported, with judicial oversight.
As IMF willing to work with new Pakistani government, the IMF’s response reflects a delicate balance between financial cooperation and political sensitivities in Pakistan’s evolving democratic landscape.
