This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Pakistan and the IMF. Additional information can be found on Pakistan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Pakistan.
Pakistan: At a Glance
- Financial Position in the Fund; July 31, 2017
- Transactions with the Fund; July 31, 2017
Office Activities
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2024 Regional Economic Outlook for the Middle East and Central Asia: Outreach Mission to Pakistan
The Res Rep office conducted outreach on the 2024 Regional Economic Outlook for the Middle East and Central Asia, engaging academic establishments and think tanks in Bahawalpur, Islamabad, Lahore, Faisalabad, Peshawar, and Sukkur. Over 500 participants attended, with counterparts acknowledging the relevance and rigor of the economic impact of conflicts.
May 31, 2024
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The International Chartered Management Accountants, Pakistan (ICMAP), whose mission is to promote excellence amongst the liberal professions in the country, dedicated its 2024 March-April magazine to “Pakistan, IMF, and the Way”. In her interview with ICMAP, the IMF Resident Representative in Pakistan Ms. Esther Perez Ruiz, discussed the current economic situation and challenges facing Pakistan, and the IMF’s role in supporting Pakistan’s policies and reforms for economic stabilization and for stronger, more inclusive, and private-led growth that will benefit all Pakistanis.
May 14, 2024
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Policy Outlook: A Conversation with Nathan Porter, IMF Mission Chief to Pakistan
In his conversation with Policy Outlook at the magazine of Suleman Dawood School of Business (SDSB) 360, issue 6, 2003, Nathan Porter shares his impressive professional journey leading him to his current role as the International Monetary Fund (IMF) Mission Chief to Pakistan. Mr. Porter’s policy acumen gained through a variety of leadership roles in different countries of the IMF’s membership made him an invaluable asset in facilitating the successful implementation of the recently completed Stand-by Arrangements amidst acute macroeconomic and political economy challenges facing Pakistan. Nathan’s inspiring testimonial of his work in Pakistan offers a beam of hope to its young and entrepreneurial population, as well as the economically disadvantaged, given the social orientation of IMF policies.
May 10, 2024
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REO Outreach in Pakistan: Nurturing Economic Dialogue with the Talented Youth
The Res Rep office conducted outreach on the key findings and policy recommendations in the October 2023 REO for the Middle East and Central Asia. The events were hosted by seven academic establishments in Islamabad, Lahore, Karachi and Multan, attracting around 400 students and faculty. Participants expressed eagerness to comprehend the complexities of MENA and Pakistan-specific challenges of subdued growth, inflationary pressures, and higher-for-longer interest rates. The impact of escalating interest rates on countries’ external funding pressures, the already elevated sovereign-bank nexus, and further crowding out of financing for the private sector, resonated in the discussion. The engagements provided an opportunity to explain the rationale and social orientation of IMF-recommended stabilization and structural policies. The REO’s finding that well-packaged first-generation reforms can front load growth offered a beam hope amid ongoing macroeconomic adjustment and geo-economic risks surrounding the outlook. There was consensus on the need to build resilience through sound policies. Participants further demonstrated awareness of the broad challenges facing Pakistan, emphasizing the need for ambition structural reform alongside stabilization measures.
December 1, 2023
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Engagement with Select Group of Pakistani Talented Youth
The Resident Representative Office (RRO) in Pakistan engaged with 18 talented youth and applicants for the 2023 IMF Youth Fellowship Program, a competitive capacity building program that has attracted more than 9,000 applicants since its launch in August 2020. The fellowship provides an opportunity for young leaders between 20 and 35 years of age from across the world to become part of our global effort to build forward better and join the IMF at the forefront of the response to global economic challenges. 10 participates attended in person and 8 virtually to an event convened by the RRO to sponsor selected participants to experience the World Bank-IMF Annual Meetings in Marrakech (Morocco) in October 2023. The participants presented on various topics, including enhancing private-sector-led growth, the changing post-COVID nature of work, gender gap policies in labor markets, human capital investment, and financial inclusion in Pakistan. Pakistani Ms. Rimsha Rehan was selected by IMF’s headquarters to participate in an in-person workshop at the 2023 Marrakech Annual Meetings led by IMF’s Managing Director, Ms. Kristalina Georgieva, moderated by the Director of the Middle East and Central Asia Department, Mr. Jihad Azour.
October 9, 2023
IMF's work on Pakistan
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July 12, 2024
: In response to a request by the Pakistani authorities, an International Monetary Fund (IMF) team led by Nathan Porter, IMF’s Mission Chief to Pakistan, held discussions during the May 13-23, 2024 staff visit to Islamabad and virtually thereafter on IMF support for the authorities’ medium-term policy and reform plans
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Transcript of IMF Press Briefing
July 11, 2024
MS. KOZACK: Good morning, everyone, both to those of you here in person and those joining us online. Welcome to this IMF Press Briefing. I'm Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. U.S. Eastern Time. Let me start with some announcements and then I will take your questions in person on Webex and via the Press Center.
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Transcript of IMF Press Briefing
June 6, 2024
Good morning, everyone, both to those of you here with us in person and those joining us online, welcome to this IMF Press Briefing. I am Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the U.S. I will begin with some announcements and then we will turn to your questions in person, on Webex, or via the Press Center.
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May 23, 2024
At the request of the Pakistani authorities, an International Monetary Fund (IMF) team, led by Nathan Porter, the IMF’s Mission Chief to Pakistan, visited Islamabad during May 13-23, 2024, to discuss Pakistan’s plans for a home-grown economic program that can be supported under the IMF’s Extended Fund Facility (EFF).
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Transcript of IMF Press Briefing
May 16, 2024
Good morning, everyone, both to those of us here in person and also those joining us online. Welcome to this IMF Press Briefing. I am Julie Kozack, Director of Communications at the IMF. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the U.S. I will start with some announcements and then we'll move to your questions in person, on Webex, or through the Press Center.
Regional Economic Outlook
April 18, 2024
An Uneven Recovery amid High Uncertainty
The Middle East and North Africa and the Caucasus and Central Asia regions are positively impacted by the resilience of the global economy. Lower global commodity prices and vigilant policy responses have helped ease inflation in most countries. However, uncertainty and risks have risen amid ongoing conflicts, shipping disruptions, and reduced oil production. This is leading to an uneven recovery across the Middle East and Central Asia, with growth rates varying this year. Policymakers need to ensure economic stability and debt sustainability while navigating geopolitical risks and improving medium-term growth prospects. Amid high uncertainty, it is essential that countries implement reforms to enhance their fundamentals, including by strengthening institutions. Additionally, countries can seize potential economic opportunities amid shifting trade patterns by reducing long-standing trade barriers, diversifying products and markets, and improving infrastructure.
Read the Report