According to Nathan Porter, the mission director of the International Monetary Fund for Pakistan, if the lender’s recommended reforms are genuinely carried out and its advice is followed in letter and spirit, the country’s most recent bailout package may be its last, as The News reported on Thursday.
Porter stated, in an interview with an American media outlet, that the IMF would see to it that Islamabad maintained its strong macro exchange rate, fiscal and monetary policies, and economic liberalization to allow the private sector to support the nation’s economic growth.
The statements coincide with the nation’s achievement on September 25, which was the much-needed endorsement of the $7 billion Extended Fund Facility (EFF) by the Executive Board of the Washington-based lender.
