The International Monetary Fund (IMF) offered a helping hand to Pakistan’s new government. They expressed willingness to support the creation of a new economic program, but with a surprising twist.

While typically avoiding domestic political matters, the IMF urged Pakistan to resolve any electoral disputes peacefully. This is a rare move for the organization, suggesting they are aware of the political instability stemming from the recent elections.

Pakistan desperately needs a new loan, potentially exceeding $6 billion, to manage its debt burden. The IMF is currently focused on completing the existing loan program ending in April 2024. They praised the previous government’s efforts towards fiscal responsibility and controlling inflation.

However, the IMF remained tight-lipped on the issue of political instability when questioned directly. They reiterated their commitment to working with the new government to achieve economic stability for the benefit of the Pakistani people.

This situation has created a complex scenario. The IMF seems willing to offer financial assistance, but a shadow of the disputed elections lingers. Experts have differing viewpoints. Some see this as a necessary compromise for Pakistan’s financial health, while others worry it could undermine democratic processes. Negotiations between Pakistan and the IMF are expected to begin soon, with member states already weighing in on the potential loan package.

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