Washington DC January 19 2023: We want to see Pakistan in a economically sustainable position says US State Department Spokesperson Edward Ned Price.
Replaying to a question that “Pakistan has less than $5 billion left in its FOREX reserves. Is the U.S. paying any attention to or is planning to give maybe, like, some sort of debt relief to the country, or not?”
MR PRICE said “So this is a challenge that we are attuned to. I know that Pakistan has been working with the IMF, with international financial institutions. We want to see Pakistan in a economically sustainable position. Those conversations, as I understand it, are ongoing. We are supportive where we can be of our Pakistani partners, but ultimately these are conversations between Pakistan and international financial institutions.”
To the answer of another question “But in this critical time, does the U.S. – on government-to-government level, are you guys giving any, like, suggestions for Pakistan to take some immediate steps which could improve the economy?”
MR PRICE replied, “These conversations with our Pakistani partners often do entail technical issues. Oftentimes these are addressed between the Department of the Treasury and our Pakistani partners. But Pakistan’s macroeconomic stability is a topic of conversation between the Department of State and our counterparts, the White House, the Treasury Department, among others.”