Pakistan Says To Share Budget Details With IMF To Unlock Funds | Pakistan News | English News Live
Автор: CNN-News18
Загружено: 2023-05-29
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Pakistan Says To Share Budget Details With IMF To Unlock Funds | Pakistan News | English News Live
Pakistan will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds, Finance Minister Ishaq Dar said.Hopes for a resumption of an IMF deal are diminishing, analysts say, with a bailout programme agreed in 2019 due to expire on June 30 at the end of the 2022-23 fiscal year.
Dar said he would like the IMF to clear its 9th review before the budget, which is due to be presented in early June, as all the conditions for that had already been met.
The IMF funding is crucial for the $350 billion South Asian country, which faces an acute balance of payments crisis. This has raised concerns of a sovereign default, something which the minister dismissed.
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