Davos (TDI): International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday praised Prime Minister Shehbaz Sharif for implementing difficult reforms aimed at strengthening Pakistan’s economy.

Speaking after their meeting on the sidelines of the World Economic Forum (WEF) in Davos, Georgieva said Pakistan’s economic situation is showing signs of improvement following the government’s serious commitment to reforms.

“We are finally seeing budget discipline translating into resources that can be used to improve people’s lives,” she said, adding that the IMF team looks forward to continuing support for Pakistan’s reform program.

The IMF chief lauded PM Shehbaz for keeping his commitments. “I highly respect the prime minister. He is serious; when he gives his word, it gets done,” Georgieva said, noting the constructive engagement between the IMF and Pakistan over the years.

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She also emphasized ongoing collaboration with Islamabad on the reform agenda. “We always use the time effectively to assess where progress has been made and where further efforts are needed. This time was no different. My high respect goes to the prime minister and his cabinet for carrying forward difficult reforms for the betterment of Pakistan.”

Last year, the IMF released $1.2 billion to Pakistan under the Extended Fund Facility (EFF) and the climate-focused Resilience and Sustainability Facility (RSF). In December 2025, the IMF had approved this loan after completing the second review of Pakistan’s EFF program and the first review under the RSF.

During their Davos meeting, PM Shehbaz briefed Georgieva on improving macroeconomic indicators, stabilization measures, and progress in structural reforms, highlighting Pakistan’s focus on fiscal discipline, revenue mobilization, and sustainable growth.

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Georgieva acknowledged Pakistan’s efforts and stressed the importance of maintaining reform momentum to ensure long-term economic resilience. The two leaders also discussed the global economic outlook, challenges facing emerging economies, and the role of multilateral support in safeguarding economic stability.