Saying goodbye to the IMF requires political commitment and bold economic reforms. Pakistan’s 25th encounter with the IMF brings a $7 billion Extended Fund Facility (EFF) over 37 months, offering relief to the shaky market. The lifeline programme aims to ease debt repayments and unlock global financing opportunities.
While the government hails this deal as a victory, the question arises: is this truly the last IMF programme? Probably not. Sustainable exits demand a stable economy, not just quick fixes. With a roadmap for economic governance and growth, political parties must collaborate for effective policies.
The complex process of exiting the IMF calls for gradual reforms over six to 10 years. Learning from past mistakes, prioritizing economic growth over stabilization is crucial. Supporting sectors like IT and agriculture, reducing public debt, and ensuring fair taxation are key for a fund-free economic journey.
Public ownership of the reform agenda and transparent debt management are essential for a sustainable exit from the IMF. The government must focus on job creation, FDI, and green energy to achieve a lasting economic transformation.