IMF to wrap up Pakistan bailout review once financing in place – Reuters
- Date: 06-May-2023
- Source: Reuters
- Sector:Financial Services
- Country:Saudi Arabia
IMF to wrap up Pakistan bailout review once financing in place – Reuters
ISLAMABAD, May 5 (Reuters) - The International Monetary Fund (IMF) is working with Pakistan to conclude a ninth review of a bailout programme, its mission chief said on Friday of the funding critical for the cash-strapped nation to avert an economic collapse.
Pakistan and the IMF have been discussing fiscal policy measures in the review since February, aiming to resume stalled funding of $1.1 billion due in November from a $6.5-billion programme agreed in 2019.
The measures have fuelled highest ever inflation, posted at 36.4% in April.
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