Article

2019-08-09 India-Pakistan

Failure to exit FATF grey list to affect cash inflows: IMF

[DAWN] Resident Representative of the International Monetary Fund (IMF) in Pakistain Teresa Daban Sanchez has said the failure to get out of the grey list by the Financial Action Task Force could have implications for capital inflows to Pakistain and also jeopardise financing assurances under the programme.

Addressing a seminar on ’IMF Extended Fund Facility Arrangement for Pakistain’ at the University of Beautiful Downtown Peshawar

...capital of Khyber Pakhtunkhwa administrative and economic hub for the Federally Administered Tribal Areas of Pakistan. Peshawar is situated near the eastern end of the Khyber Pass, convenient to the Pak-Afghan border. Peshawar has evolved into one of Pakistan's most ethnically and linguistically diverse cities, which means lots of gunfire.
on Wednesday, Ms Sanchez said the risks of the FATF grey list and non-compliance of fiscal measures by the government loomed large over the programme.

The university’s Economics Department organised the event, which was attended by Vice- Chancellor Dr Mohammad Asif Khan, chairman of the Department of Economics Professor Zilakat Khan Malik, faculty members, and students.

Ms Sanchez said opposition to governance and institutional building by vested interests, fiscal slippages, and absence of majority by the ruling PTI in the Senate could put the programme at risk.

Posted by Fred 2019-08-09 00:00|| || Front Page|| [11131 views ] Top
File under: Govt of Pakistan

#1 Financial Action Task Force formed by member countries (1989) to police money laundering, terror financing, proceeds from trafficking, international shell companies, etc. Has 37 member nations now with several observer organizations aiding and receiving reports. When aid in billions flows into hellholes, somebody has to track the state-sponsored money laundering and diversion of funds.

They signal the do-gooders, IMF or World bank when it's okay to give a country a loan or aid, and also when it'll probably be used to fellatio a terrorist with $$. At least we hope.

Posted by Dron66046 2019-08-09 10:30|| 2019-08-09 10:30|| Front Page Top

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