Tuesday, August 9, 2022

Pakistan signs staff agreement with IMF Announced soon

A staff level agreement has been reached between Pakistan and the IMF, the formal announcement of which is expected soon.

According to finance ministry sources, the agreement could be announced tonight, after which it will be presented to the IMF board for approval.

After the approval of the IMF board, Pakistan will receive the next tranche of the loan from the IMF. Pakistan is expected to receive the next two tranches from the IMF simultaneously.

With the program on track with the IMF, other donors, including the World Bank and the Asian Development Bank, will begin to receive withheld financing. It may be recalled that a week ago, Federal Minister for Petroleum and Energy Musaddiq Malik had said that matters with the IMF would be settled in one to one and a half weeks.

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