IMF mission visiting Pakistan to review governance, corruption risks: finance ministry
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The seal of the International Monetary Fund is seen in Washington DC, USA. — AFP/File
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To include explanation in reports circulating in the media, the Ministry of Finance and Taxes on Sunday said that the International Monetary Fund (IMF) Mission to hold a diagnostic diagnostic diagnostic diagnostic (GCDA). Visiting Pakistan.
In a statement, a spokesman for the Ministry of Finance said that the IMF has long been providing advice and technical support, which has helped promote good governance, such as promoting transparency and accountability of the public sector.
Traditionally, the real focus of the IMF countries to correct the economic imbalances, reduce inflation, and to improve significant trade, exchange, and efficiency and support permanent economic growth. Has been focused on encouraging.
The ministry added that the IMF has pointed out that ensuring the rule of law, improving the performance and accountability of the public sector, and tackling corruption as well as promoting good governance in all aspects of it. , And dealing with corruption is an essential element of a framework in which economies can prosper.
“In 1997, the IMF adopted a policy on ways to tackle economic rule, which includes guidance note” the role of the IMF in governance issues “. To further strengthen the implementation of this policy. , The IMF adopted a new framework to increase governance (governance policy) in 2018, which aims to promote more organized, efficient, candidate and uniformity with member states related to the risks of governance. Important for, “Read the statement.
Under this policy and framework, the IMF has offered GCDA with member states to take steps to tackle corruption threats and to strengthen integrity and governance in the IMF member states. Analysis and recommendation, the spokesman made more clear.
“After the analysis, GCDA prefers preference and setting recommendations to resolve the risks regularly.”
Giving details, the spokesperson said, since 2018, 20 GCDA reports have been finalized and it includes Sri Lanka, Mauritania, Cameron, Zambia and Benin, adding that 10 diagnosis is underway. , And several IMF are under consideration.
Therefore, under the EFF2024 program, there is a structural standard that with the support of the IMF’s capacity development, the spokesperson said, the government has to analyze the risks of governance and corruption and move forward. GCD is diagnosed to identify improvements.
Read the statement, “According to this commitment, three members are visiting Pakistan to diagnose GCD, the IMF Scoping Mission,” read the statement.
The focus of the mission will be to examine the severity of corruption in six basic state activities, the official said.
“These include financial governance, central bank governance and operations, financial sector monitoring, market regulation, rule of law, and AML-CFT.”
The mission will mainly engage in organizations such as Finance Division, Federal Board of Revenue, State Bank of Pakistan, Auditor General of Pakistan, Pakistan Securities and Exchange Commission, Pakistan Securities and Exchange Commission, Pakistan and Justice Ministry.
The GCDA report will recommend measures to tackle corruption risks and to strengthen integrity and governance, which to promote transparency to the government, strengthen institutional capabilities and achieve comprehensive and sustainable economic growth. Will help bring reforms. The technical support of the IMF in this regard.
