IMF to propose amendments to Pakistan central bank law

state-bank-of-pakistan-sbp

The International Monetary Fund will offer recommendations to Pakistan’s government on how to amend the law governing the central bank by the end of this year, it says in a staff report.

The IMF agreed a bailout package for Pakistan worth approximately $6 billion on July 3, but insisted that the government give the central bank more independence.  

 Amending the State Bank of Pakistan Act will support efforts to bring the government’s debt levels under greater control, the IMF report argues.

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