IMF sends team to Pakistan to discuss extending loan program ...Kuwait

The New Arab - News

The IMF will send a team to Islamabad next month to discuss the release of funds under an existing aid program, and extending the loan for another year, after Pakistan's government agreed to end fuel subsidies. The International Monetary Fund (IMF) in 2019 approved a $6 billion, three-year loan for Pakistan, but disbursement has been slowed by concerns about the pace of reforms. Fund officials had "very productive meetings" in Washington with Pakistani Finance Minister Miftah Ismail and "agreed that prompt action is needed to reverse the unfunded subsidies which have slowed discussions," IMF mission chief Nathan Porter said in a statement Sunday. The mission to the co

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Last updated : 26 April 2022 clock 12:36 AM

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IMF sends team to Pakistan to discuss extending loan program ...Kuwait

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