Pakistan govt ready to meet all IMF demands to revive bailout programme: Report

01/20/2023

Islamabad, Jan. 20: The Pakistan government has requested the IMF to send its mission to the country at the earliest, preferably next week, to conclude a long-awaited agreement to revive the bailout programme, as it conveyed its willingness to accept all the four major conditions set by the global lender, according to a media report.

Cash-strapped Pakistan revived a stalled USD 6 billion International Monetary Fund (IMF) programme last year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the Washington-based global lender. There are reports that the IMF may not release more funds under the programme until the pledges made by the government are met.

The IMF board in August approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over USD 1.1 billion.-Agencies

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