US Ambassador to Pakistan Donald Blome gave hope for locking a deal between Pakistan and the International Monetary Fund (IMF) assuring Washington’s willingness to support the country in its efforts to resume a stalled $6.5 billion bailout program.
Ambassador Blome also indicated that the IMF bailout package for Islamabad will take its final shape in a couple of days.
“The United States is ready to cooperate with Pakistan to help on the issue,” Blome said while speaking to journalists at an event on Tuesday.
The envoy also expressed Washington’s willingness to help Islamabad with the ongoing challenge of terrorism.
Ambassador Blome, who has been visiting Pakistan’s important cities recently for meetings with groups belonging to different walks of life, said there had been significant progress in diplomatic relations between the two countries.
Remember that IMF and Islamabad have been in talks over a stalled bailout package since late last year, with the country seeking a $1.1bn tranche to address its worsening balance of payments crisis that would also pave the way for friendly affluent capitals to provide assistance to overcome ongoing financial complexities.
Earlier Federal Finance Minister Ishaq Dar has said that the staff-level agreement with the IMF is expected within the next two days.
While Addressing a seminar in Islamabad, the federal finance minister said that the Government has inherited the economic crisis and taking steps for the economic revival of the country.
He appreciated the role of the World Bank in Pakistan’s economy adding that the Asian Development Bank is a key development partner of Pakistan.