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IMF seeks to include anti-corruption mechanism in ‘prior actions’
Top Story Mehtab Haider July 02, 2022
Pakistan and the IMF are making an all-out effort to evolve a consensus on prior actions for moving towards a staff-level agreement and one of the bones of contention is related to the strengthening of anti-corruption institutional mechanism
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ISLAMABAD: Pakistan and the International Monetary Fund (IMF) are making an all-out effort to evolve a consensus on prior actions for moving towards a staff-level agreement and one of the bones of contention is related to the strengthening of anti-corruption institutional mechanism.
The IMF wants to make it a part of the prior actions list because the government could not fulfil the Structural Benchmark (SB) agreed by the PTI-led regime on the completion of the 6th review. Now the IMF is vying for converting it into a fresh prior action for reviving the programme.
Pakistan has asked the IMF to exclude the strengthening of anti-corruption institutions from the list of prior actions, arguing that it did not fall within the purview and the mandate of the Fund. For striking a staff-level agreement, Pakistan and IMF high-ups are discussing a list of prior actions. Pakistan will have to implement certain prior actions with effect from July 1, 2022, including the enactment of the Finance Act 2022 after getting approval of the parliament, imposition of petroleum levy, and raising power tariff in a gradual manner. The Monetary Policy Committee is also scheduled to meet on July 7, for tightening of monetary stance. Now keeping in view CPI-based inflation skyrocketing to 21.3 percent while the Wholesale Price Index touched 38.94 percent, there is no doubt that monetary tightening is on the cards.
Lol. Imported govt came to losen anti corruption laws so that they could get NRO in their corruption cases but now IMF wants them to tighten anti corruption laws further (as agreed with PTI govt) to receive next payment...
آسمان سے گرا کھجور میں اٹکا
@waz @Jango @Jungibaaz @RescueRanger @koolio @Verve @HRK @VCheng @FOOLS_NIGHTMARE @muhammadhafeezmalik @Signalian @ziaulislam @ghazi52 @Ghazwa-e-Hind @Zibago @Indus Pakistan @Imran Khan
Top Story Mehtab Haider July 02, 2022
Pakistan and the IMF are making an all-out effort to evolve a consensus on prior actions for moving towards a staff-level agreement and one of the bones of contention is related to the strengthening of anti-corruption institutional mechanism
Share
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) are making an all-out effort to evolve a consensus on prior actions for moving towards a staff-level agreement and one of the bones of contention is related to the strengthening of anti-corruption institutional mechanism.
The IMF wants to make it a part of the prior actions list because the government could not fulfil the Structural Benchmark (SB) agreed by the PTI-led regime on the completion of the 6th review. Now the IMF is vying for converting it into a fresh prior action for reviving the programme.
Pakistan has asked the IMF to exclude the strengthening of anti-corruption institutions from the list of prior actions, arguing that it did not fall within the purview and the mandate of the Fund. For striking a staff-level agreement, Pakistan and IMF high-ups are discussing a list of prior actions. Pakistan will have to implement certain prior actions with effect from July 1, 2022, including the enactment of the Finance Act 2022 after getting approval of the parliament, imposition of petroleum levy, and raising power tariff in a gradual manner. The Monetary Policy Committee is also scheduled to meet on July 7, for tightening of monetary stance. Now keeping in view CPI-based inflation skyrocketing to 21.3 percent while the Wholesale Price Index touched 38.94 percent, there is no doubt that monetary tightening is on the cards.
IMF seeks to include anti-corruption mechanism in ‘prior actions’
ISLAMABAD: Pakistan and the International Monetary Fund are making an all-out effort to evolve a consensus on prior actions for moving towards a staff-level agreement and one of the bones of...
www.thenews.com.pk
Lol. Imported govt came to losen anti corruption laws so that they could get NRO in their corruption cases but now IMF wants them to tighten anti corruption laws further (as agreed with PTI govt) to receive next payment...
آسمان سے گرا کھجور میں اٹکا
@waz @Jango @Jungibaaz @RescueRanger @koolio @Verve @HRK @VCheng @FOOLS_NIGHTMARE @muhammadhafeezmalik @Signalian @ziaulislam @ghazi52 @Ghazwa-e-Hind @Zibago @Indus Pakistan @Imran Khan