As Pakistan, yet again, seeks a fresh International Monetary Fund (IMF) bailout package, United States Department of State Spokesperson Matthew Miller has remarked that America fully supports Pakistan in managing its debt crisis.

“Pakistan has made progress to stabilise its economy, and we support its efforts to manage its daunting debt burden. We encourage the government to prioritise and expand economic reforms to address its economic challenges,” he said addressing a press briefing in Washington.

He welcomed the recent staff-level agreement reached between the IMF and Pakistan on the second and final review under the $3 billion Stand-By Arrangement, which, if cleared by the IMF’s board, will release about $1.1 billion to the indebted country.

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Finance Minister of Pakistan, Muhammad Aurangzeb, is currently in the US to hold meetings with the IMF for the recent lending package.

The News reported that Pakistan intends to make a request for augmenting the Extended Fund Facility (EFF) through climate finance, so there is a possibility of securing $6 to $8 billion SBA.