Pakistan Explores International Capital Market Access at IMF Meetings”

ISLAMABAD, Oct 22 (Alliance News): Pakistan’s delegation attending the World Bank and International Monetary Fund (IMF) annual meetings in Washington, D.C., held talks with Alvarez & Marsal Sovereign Advisory Services to discuss ways for Pakistan to access international capital markets and external creditors.

Led by Finance Minister Muhammad Aurangzeb, the Pakistani delegation included Finance Secretary Imdad Ullah Bosal, Secretary Economic Affairs Dr. Kazim Niaz, and Governor of the State Bank of Pakistan Jameel Ahmad. They are participating in the meetings from October 21-26, 2024.

During their discussions, Alvarez & Marsal’s team, including Managing Director Dr. Reza Baqir, shared strategies for Pakistan to regain access to global capital markets.

They also congratulated Pakistan on successfully concluding the IMF’s Extended Fund Facility (EFF).

Approaches discussed to access int’l capital markets, external creditors

In a separate meeting with IMF’s Director for the Middle East and Central Asia, Jihad Azour, Pakistan’s delegation expressed appreciation for IMF’s support.

They highlighted the government’s ongoing efforts in fiscal reforms, revenue growth, and energy sector improvements, aiming to transition the country from stabilization to economic growth. Azour encouraged Pakistan to continue its reform agenda for long-term success.