The International Monetary Fund Thursday praised Pakistan and noted initial success in stabilising its crisis-hit economy, in the first review of a 7.6 billion dollar line of credit. "The (IMF's) mission is impressed by authorities' strong resolve to sustain prudent macroeconomic policies, strengthen and broaden the social safety net, and pursue reforms to enhance medium-term growth prospects," it said. "The resolve of the Pakistani authorities, as well as the initial success in stabilizing the economy, augurs well for the future, despite the risks associated with the deterioration in the global economy," it added. The statement followed 12 days of talks between Pakistani officials and creditors to review a 7.6 billion loan which the IMF approved last year in a rescue package as Pakistan sought to head off a balance of payments crisis.