Islamabad:
A Senior International Monetary Foundation (IMF) official said on Sunday that growth across the Middle East, North Africa (Mena) Region and Pakistan was expected to strengthen by 2025 and over despite “unique uncertainty” that could weigh the global economic prospects.
In a comprehensive guest lecture at the Sustainable Development Policy Institute (SDPI), the IMF resident representative warned for Pakistan Mahir Binici against increased merchant stresses, geopolitical fragmentation and weakened global cooperation.
Binici, according to a press release issued here, confirmed the continued IMF support to Pakistan’s economic and climate reform agenda and emphasized the urgent need for cautious and forward-looking political actions.
Focusing on Pakistan, Binici noted that the country’s performance under the IMF’s extended fund facility (EFF) had been “strong so far”, adding that the successful implementation of the first review of the IMF Direction in May 2025 was an important milestone.
Binici emphasized that structural reforms remained central to Pakistan’s long -term economic sustainability, especially reforms that strengthened tax justice, improve the business climate and encourage investment in private sector.
“Early political measures have helped to restore macroeconomic stability and rebuild the investor’s confidence despite sustained external challenges,” he said. He also highlighted Pakistan’s progress with climate -related reforms during the IMF’s resilience and sustainability facility (RSF).
He said that the most important reform areas under RSF included improving public investment planning, promoting effective and sustainable use of water resources, improving institutional coordination for disaster preparedness and financing, expansion of accessibility and transparency of climate -related data.
The press released said that Binici emphasized that the support through “RSF will not only strengthen Pakistan’s climate consumption, but also help unlock green investments and promote a more climate -control economic course.”
The lecture was followed by a discussion of fiscal and monetary policy framework, external buffers and the role of international institutions. Previously, SDPI Director Dr. Abid Qaiyum Suleri on multilateral cooperation in Pakistan’s journey towards sustainable development.
(With input from app)
