Posted 3/3/2024, 2:01:14 AM
PBC Urges 5-Year IMF Programme for Energy and SOE Reforms to Restore Creditor Confidence
- PBC calls for a 5-year IMF programme instead of 3 years to allow for fundamental energy and SOE reforms
- Longer programme needed to restore creditor confidence and secure debt reprofiling
- Previous programmes failed due to lack of political will and flawed IMF package design
- IMF should shift from short-term quantitative to more medium-term qualitative targets
- Focus needed on expanding tax base equitably vs overburdening existing taxpayers
