World

Pakistan’s election chaos casts shadow on next IMF deal

today02/23/2024 1

Background
share close

As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability.
On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the interim government had managed to achieve fiscal targets while also “protecting” the social safety net.
Kozack said he looks forward in working with the new government on policies to ensure macroeconomic stability and prosperity for all of Pakistan’s citizens,”
But the comments from the IMF come at a time when Pakistan is about to swear in a new government after this month’s general election, which has been marred by widespread allegations of rigging and manipulation.
Former Prime Minister Imran Khan, the founder of his Pakistan Tehreek-e-Insaf (PTI) party, drew a link between these allegations and the IMF loan in a statement from prison, asking the international body to carry out an audit of the elections before proceeding with the deal.

Written by: bossgmsi

Rate it

Previous post

News

Ex-ECOWAS President urges leaders to lift sanctions on Mali, B/Faso, Niger

A pioneer President of the Economic Community of West African States, ECOWAS Commission, Dr Mohamed Ibn Chambas, has called on the bloc’s leaders to lift the sanctions slammed on Mali, Burkina Faso and Niger Republic following military coups in the countries. Chambas, currently the African Union’s, AU, High Representative for ‘Silencing the Guns in Africa,’ made the call in a telephone interview with the News Agency of Nigeria (NAN) on […]

today02/23/2024 3

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

0%
Our customer support team is here to answer your questions.
error: Alert: Content is protected !!