ISLAMABAD: Pakistan said on Sunday some of the reform measures mentioned in the media and linked to the International Monetary Fund (IMF) bailout program are not “new conditions” imposed by the lender but extensions of commitments already agreed under the arrangement.
Local media and social platforms have described a series of IMF-linked structural benchmarks as fresh conditions under the $7 billion loan for Pakistan in recent weeks. News reports published and broadcast in India also mentioned 11 measures under the loan, describing them as new IMF demands imposed on the country.
“The Ministry of Finance has clarified the intent, context, and continuity of reform measures under Pakistan’s IMF Extended Fund Facility (EFF) program, particularly in response to recent commentary regarding so-called ‘new conditions,’” said an official statement circulated in Islamabad.
“The purpose is to reaffirm that the measures referenced are part of a phased, medium-term reform agenda agreed with the IMF, many of which are extensions or logical progressions of reforms already initiated by the Government of Pakistan,” it added.
The ministry said the EFF is designed to support medium-term structural reforms implemented in a sequenced manner, with each program review building on prior actions to meet policy objectives agreed at the outset.
