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| India-Pakistan |
| IMF says 'significant progress' made in talks with Pakistan on new bailout package |
| 2024-05-25 |
| [GEO.TV] The International Monetary Fund (IMF) on Thursday stated that "significant progress" was achieved during talks with Pakistain towards reaching a staff-level agreement for an extended fund facility. An IMF team, led by Nathan Porter, the IMF’s Mission Chief to Pakistain, visited Islamabad during May 13-23, 2024, to discuss the country’s plans for a home-grown economic programme that can be supported under the IMF’s Extended Fund Facility (EFF). The visit was undertaken on Islamabad’s request. "The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalise discussions, including the financial support needed to underpin the authorities' reform efforts from the IMF and Pakistain's bilateral and multilateral partners," Porter said in a statement. Pakistain is likely to seek at least $6 billion under the new programme and request additional financing from the IMF under the Resilience and Sustainability Trust. Ahead of the discussions, the IMF had warned that downside risks for the Pak economy remained exceptionally high. |
| Posted by:Fred |
| #2 ^ Quarterly. Disabled wards require regular feedings |
| Posted by: Frank G 2024-05-25 11:30 |
| #1 Is this an annual thing? |
| Posted by: Skidmark 2024-05-25 11:12 |