The US State Department Wednesday said that they want to see Pakistan in an “economically sustainable position”.
These views were expressed during a news briefing by State Department spokesperson Ned Price.
“This is a challenge that we are attuned to. I know that Pakistan has been working with the IMF and other international financial institutions. We want to see Pakistan in an economically sustainable position,” Ned Price said while commenting on the economic difficulties confronting Pakistan.
“Those conversations, as I understand it, are ongoing. We are supportive where we can be of our Pakistani partners, but ultimately these are conversations between Pakistan and international financial institutions,” he added.
This occurred at a time when Pakistan’s foreign exchange reserve dropped last week to USD 4.3 billion.
The talks between Pakistan and the International Monetary Fund (IMF) in Geneva have remained “inconclusive,” it is important to note.
The meeting, which took place in Geneva with the International Conference on Climate Resilient Pakistan, will not include the governor of the State Bank of Pakistan (SBP).
On January 7, the International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva and Prime Minister (PM) Shehbaz Sharif spoke on the phone.
The prime minister reiterated his government’s commitment to completing the requirements of the Fund’s programme during the conversation.
According to a source from December 2022, the Pakistani government hopes to save the agreement with the International Monetary Fund (IMF) that provides for the payment of a loan tranche under the $7 billion rescue plan in January.