Tuesday May 28, 2024

Spend wisely

By News Desk
April 24, 2024
Spend wisely

Following the visit by an IMF team last month, Pakistan was granted another $1.1 billion under the country’s Stand-By Arrangement with the multilateral lender, subject approval by the IMF board. Since Pakistan is a developing nation, efficient use of funds is a key concern. IMF funds should be distributed transparently, with enough documentation and oversight mechanisms in place to guarantee that they are being used for the intended purpose.

IMF funding shouldn’t be used for extravagant or unfeasible projects and other wasteful expenses. The principles of accountability, transparency, and targeted expenditure to make the most of available resources for the benefit of our country must be adhered to.

Mahnoor Aftab