The negotiations with the International Monetary Fund (IMF) were "progressing smoothly and we look forward to having a Staff Level Agreement by the end of the year," the Ministry of Finance has stated.
In a statement issued Sunday evening (October 30, 2022), the ministry asked the public to disregard "false claims about the IMF negotiations."
Attached below is a copy of the statement issued by the Ministry
FALSE CLAIMS ABOUT IMF NEGOTIATIONS
The Ministry notes that in recent days, a number of persons have been making false claims about the ongoing negotiations with the International Monetary Fund (IMF or the Fund).
2. These include:
a. That the negotiations are not going well because the Fund does not see any seriousness on the part of the government.
b. That the government does not have a programme for consideration by the IMF.
c. That officials of the Fund have discovered inaccuracies in the macroeconomic figures presented by the government's Economic Management Team.
3. The Ministry responds as follows:
a. The allegation that the negotiations are not going well is categorically untrue. The IMF itself has on numerous occasions stated unequivocally that negotiations are progressing well, and affirmed that both parties are fully committed to reaching a deal as soon as feasible. We quote the Fund below:
i) IMF Press Release Issued 7th October, 2022
We had constructive discussions on policies aimed at restoring macroeconomic stability ... Staff express their gratitude to the...
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