{"id":1945,"date":"2024-06-07T08:29:40","date_gmt":"2024-06-07T08:29:40","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/imf-says-talks-continuing-virtually-with-pakistan-for-fresh-loan-program-such-tv\/"},"modified":"2024-06-07T08:29:40","modified_gmt":"2024-06-07T08:29:40","slug":"imf-says-talks-continuing-virtually-with-pakistan-for-fresh-loan-program-such-tv","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/imf-says-talks-continuing-virtually-with-pakistan-for-fresh-loan-program-such-tv\/","title":{"rendered":"IMF says talks continuing virtually with Pakistan for fresh loan program – SUCH TV"},"content":{"rendered":"


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The International Monetary Fund (IMF) is considering a new bailout package for Pakistan under its Extended Fund Facility (EFF), according to Julie Kozak, the IMF’s director of communications.<\/p>\n<\/div>\n

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In a press briefing held in Washington, Kozak highlighted the significant progress made during the recent IMF mission’s visit to Pakistan from May 13 to 23.<\/p>\n

Kozak emphasized that the IMF mission’s visit resulted in substantial advancements towards reaching a staff-level agreement with Pakistan. “Pakistan can be supported under a new extended funding facility,” she stated, indicating the potential for continued financial assistance to bolster the country’s economy.<\/p>\n

The discussions between the IMF and Pakistan are ongoing, with virtual dialogues playing a crucial role in the negotiations. Kozak assured that the IMF remains committed to supporting Pakistan through these challenging times, underscoring the importance of the EFF in providing necessary financial aid.<\/p>\n

According to officials of the Ministry of Finance, Pakistan is expected to receive a new three-year loan program worth $6 to $8 billion from the IMF. Moreover, the budget for the new financial year is also being prepared as per the recommendations and conditions of the IMF.<\/p>\n

On May 24, Pakistan and the IMF made notable progress in negotiations for a new loan program, despite concluding the recent round of talks without a staff-level agreement. The IMF’s 10-day visit to Pakistan, which began on May 13, laid a promising foundation for future discussions aimed at securing a comprehensive financial package, said a statement issued at the conclusion of the visit.<\/p>\n

The IMF delegation’s visit emphasized critical areas such as human resource development, social security, and addressing the impacts of climate change. “Adequate progress has been made towards a staff-level agreement,” stated the IMF in their announcement. “Consultations will continue virtually to finalize the new program for Pakistan.”<\/p>\n

It further said that the reforms aimed at achieving stable development in Pakistan. Islamabad is vigorously pursuing a new and larger loan program from the IMF, with officials from the Ministry of Finance aiming for a bailout package between $6 to $8 billion.<\/p>\n

The 10-day negotiations reviewed Pakistan’s request and discussed comprehensive economic policies and reforms designed to achieve stable growth, the IMF statement said.<\/p>\n

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The International Monetary Fund (IMF) is considering a new bailout package for Pakistan under its Extended Fund Facility (EFF), according to Julie Kozak, the IMF’s director of communications. In a press briefing held in Washington, Kozak highlighted the significant progress made during the recent IMF mission’s visit to Pakistan from May 13 to 23. Kozak…<\/p>\n

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