Steadfast policy implementation is critical for Pakistan: IMF Spokesperson - SUCH TV
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Steadfast policy implementation is critical for Pakistan in the period ahead, International Monetary Fund (IMF) spokesperson Julie Kozack said Thursday, after the lender approved a bailout for the cash-starved. "This will be critical for success of the programme and, of course, ultimately, for to aid and support the people of Pakistan," the IMF spokesperson's said in a press conference. Under a short-term plan, the IMF had earlier this week approved a nine-month $3 billion Stand-By Arrangement (SBA) for Pakistan to support the authorities' economic stabilization programme. The government had been vying to secure an IMF loan for the last eight months, but disagreement over fiscal policies led to the expiry of an earlier programme. However, the lender and Pakistan agreed on the SBA, saving the nation from a sovereign default. The IMF has demanded Pakistan strengthen its public finances, increase its tax revenues, maintain discipline over non-critical