SouthAsiaSourceNov 23, 2021
Experts react: A renewed Pakistan-IMF agreement
By Atlantic Council
On Monday, November 22, 2021 the International Monetary Fund (IMF) and Pakistan reached a staff-level agreement to complete the sixth review under the $6 billion Extended Fund Facility, funding that has been stalled since April due to issues over the required reforms. Considering Pakistan’s historical struggles with currency devaluation, high inflation, dwindling foreign reserves, and more, completion of the review would make available 750 million in IMF special drawing rights, equivalent to $1 billion that would come as welcome relief. Below, South Asia Center experts share their analysis.
Safiya Ghori-Ahmad is a nonresident senior fellow at the South Asia Center. She is also director and member of South Asia and McLarty Inbound practices and helps coordinate the firm’s business development and global client management efforts. Ms. Ghori-Ahmad previously served on the staff of the Senate Foreign Relations Committee, covering South and Central Asia. She also served in the State Department, as an advisor on Pakistan and Afghanistan in the Office of the Special Representative to Afghanistan and Pakistan (SRAP) under Secretaries Clinton and Kerry. She began her State Department career in the Bureau of Democracy, Human Rights, and Labor, where she managed portfolios in South Asia and traveled extensively throughout the region promoting good governance, transparency, and the rule of law.
Prior to joining McLarty Associates, Ms. Ghori-Ahmad led global business development at an international law firm in her hometown of Little Rock, Arkansas, where her work took her to Southeast Asia and beyond.
Ms. Ghori-Ahmad is a term member of the Council on Foreign Relations. She holds a JD and MA from the University of Arkansas and speaks fluent Hindi and Urdu and intermediate Arabic.