PM Shehbaz built a very convincing case: MD IMF

On Friday, Prime Minister Shehbaz Sharif had a telephonic conversation with Kristalina Georgieva, the Director of the International Monetary Fund (IMF).

The Prime minister conveyed profound gratitude to the Managing Director for her support and assistance in materializing the recently concluded stand-by agreement for $3 billion.

The IMF MD said that the PM of Pakistan built a very convincing case, though the IMF Board was skeptical about Pakistan’s commitment to fulfilling the conditions of the agreement due to the past trust deficit. However, in the light of her continued engagement with the Prime minister, she assured the Board that Pakistan will deliver on its commitments as she had personally met the pm and seen his seriousness to deliver. She acknowledged the leadership shown by the Prime Minister. 

She said that there was a strong partnership and mutual trust between both parties now. Terming Pakistan as an important member of the IMF, she reassured to continue to help Pakistan. 

Prime Minister Shahbaz Sharif assured the IMF that he will not tolerate any minor deviations from the agreements made with the International Monetary Fund (IMF).

PM told MD IMF that the government will continue until August, after which a transitional government will take over.