PM Sharif urges IMF to consider economic impact of floods in programme review

Prime Minister Shehbaz Sharif has emphasized that Pakistan is making steady progress towards meeting the various targets and commitments under the International Monetary Fund (IMF) loan programme.

During a meeting with IMF Managing Director Ms Kristalina Georgieva in New York, Shehbaz Sharif however said that the impact of the recent floods on Pakistan's economy must be factored into the IMF's loan programme review.

The Prime Minister appreciated the IMF’s longstanding constructive partnership with Pakistan saying it has further strengthened under Ms. Georgieva’s leadership.

He acknowledged the IMF’s timely support under various instruments, including the Stand By Arrangement for three billion dollars  in financial year 2024 followed by the Extended Fund Facility (EFF) of seven  billion dollars and Resilience & Sustainability Facility (RSF) of 1.4 billion dollars.

Shehbaz Sharif said Pakistan’s economy is showing positive signs of stabilization and is now moving towards recovery with the institution of deep-rooted structural reforms.

Read more: Over 50 villages flooded in Dadu as River Indus bursts its banks

The Prime Minister appreciated the IMF’s support in this regard that had been instrumental in guiding the Government’s economic reform efforts. 

The IMF Managing Director expressed her sympathy to all people affected by the floods. She noted the importance of the damage assessment to underpin recovery priorities.

The IMF Managing Director commended the Prime Minister’s commitment to pursuing sound macro-economic policies and reiterated the IMF’s continued support.

Prime Minister Muhammad Shehbaz Sharif meets Managing Director of IMF Ms. Kristalina Georgieva on the sidelines of 80th Session of UNGA. New York, 24 September 2025.#PMShehbazAtUNGA pic.twitter.com/KJlW8hRTql

— Government of Pakistan (@GovtofPakistan) September 24, 2025