A call for equitable resolution of all political disputes.
Friday, the International Monetary Fund (IMF) declined a demand from Pakistan Tehreek-e-Insaf (PTI) to examine the results of the February 8 elections.
In a public announcement, the global financial organization expressed that they view Pakistan’s political affairs as an internal concern of the nation, and thus, they lack the authority to intervene or provide opinions on this matter.
Following the disclosure by former Prime Minister Imran Khan’s PTI on February 28 that they had sent a letter to the IMF outlining their stance, an IMF spokesperson responded, stating, “As an international organization primarily focused on economic matters, the IMF does not comment on domestic political developments.
The spokesperson further expressed their anticipation to collaborate with the newly established government to finalize the second review under the current Stand-by Arrangement. Additionally, they mentioned that if the government requests assistance, the IMF would be prepared to help formulate a new medium-term economic plan.
It is essential to note that PTI requested the International Monetary Fund (IMF) to assess 30% of the nation’s general election seats. Additionally, they urged the IMF to consider the country’s political stability in any future financial aid discussions. The party clarified that they do not desire the IMF to adopt an ‘investigative’ role, as many organizations, including FAFEN, have proposed alternative methods for election auditing.
The party believes that such a role by the IMF would greatly benefit Pakistan and its people, potentially leading to long-term prosperity, growth, and economic stability.
On the previous day, IMF Communication Director Julie Kozack stated that the IMF will send a team for the second review of the Stand-by Agreement as soon as the new cabinet is formed. This program supports the authority’s efforts to stabilize the economy, with a strong focus on safeguarding the most vulnerable population segments.
Kozack mentioned that the IMF has already disbursed a total of $1.9 billion to Pakistan. In order to release the final tranche, the IMF plans to send a team for the second review once a new cabinet is established. She expressed the IMF’s eagerness to collaborate with the new government in developing policies that promote macroeconomic stability.
Regarding the inquiry about political instability, Kozack chose not to provide a comment.
