The Intern-ational Monetary Fund (IMF) program is aimed at improving Pakistan's public finances; reducing public debt and helping the country get back on the path to a sustainable, more inclusive growth. This was stated by Gerry Rice, Director Communication Department IMF during a media briefing. Rice further said that the programme can also create fiscal space for a substantial increase in social spending, to strengthen social protection, as well as infrastructure and other human capital development.
Replying to a question, the IMF official said that on Pakistan, there have been major developments recently. "We have had the agreement of staff level on a $6-billion three-year extended Fund facility- an IMF program, to support Pakistan's economic reform efforts. So that happened on May the 12th," said Rice adding that Ernesto Ramirez Rigo is the Mission Chief, and issued a comprehensive statement," he stated. He also mentioned Managing Director, Christine Lagarde's meeting with Prime Minister Imran Khan.
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