Finance Minister Asad Umar said on Monday that the government would like to open talks with the IMF in Bali for emergency financial assistance this week. Prime Minister Imran Khan had sought the option of another excellent program in the first five years of the IMF, because it imposes austerity and limits its view of the Islamic welfare state.
Indicators in Pakistan's Debt-Stability Index Disorder
Obstald said that if the IMF is holding a potential new funding program with Pakistan this week, then the target will be such improvements that help Pakistan reach its "huge potential" without providing specific details.
He said, "The government has expressed its desire to implement deep structural reforms which can prevent the breakdown of Pakistan's cycle, for which fund needs financial assistance."
Infrastructure needs
Pakistan needs more infrastructure development, Obstfeld said, and the country could benefit from China's role in supporting the project project.
But China's participation can also bring potential risk, he said. IMF Chief Economist said, "It is important that the design of projects ... is concrete and excessive debt, which can not be repaid."
No comments:
Post a Comment