IMF Confirms Review of Pakistan’s $7 Billion Program by Mid-March
The International Monetary Fund (IMF) has confirmed that it will hold the first review of Pakistan’s $7 billion bailout program in early to mid-March. The review will form part of Pakistan’s Extended Fund Facility (EFF) agreement.
Mahir Binici, the IMF Resident Representative in Pakistan, said that an IMF mission will travel to Pakistan during this time to conduct the review. The mission will also hold talks on Pakistan’s application for financial support under the Resilience and Sustainability Facility (RSF).
Apart from the review, an IMF technical team will travel to Pakistan in late February to address technical aspects of the prospective RSF arrangement.
This next visit is a significant milestone for Pakistan as it pursues sustained support from the IMF and further financing under the RSF program.
