Pakistan's debt continues to be sustainable, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday, after the government reiterated it had completed all requirements to receive a critical bailout from the IMF.
Pakistan has less than a month's worth of foreign exchange reserves and is awaiting a bailout package of $1.1 billion from the IMF that has been delayed since November over issues related to fiscal policy adjustments.
Asked what Pakistan needed to do to avoid reaching the unsustainable debt positions faced by countries like Sri Lanka, Georgieva said: "We are not there yet, and it is better not to get there." The fund is also in talks asking friendly countries of Pakistan to provide financial assurances so it can complete the programme, she said.
"The finance minister also shared that all the international obligations have been addressed in time," the finance ministry said in a news release.
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