Next installment of $ 450 million is expected from IMF
Pakistan has met all the strict terms of International Monetary Fund (IMF).
According to details, the Executive Board meeting to launch the second installment of the loan program by the IMF will be held in Washington on December 19.
The letter signed by Shaikh and Baqir demonstrated Islamabad’s commitment that it would pursue all committed reforms and conditions so the executive board grants approval for release of next installment worth $452 million.
The economic review report will be considered at the meeting while the financial requirements under the program will be implemented.
“The IMF management have circulated the signed Memorandum of Economic and Financial Policies (MEFP) among the members of Executive Board and now the meeting is scheduled to take place before Christmas holidays on December 19, 2019 for approving release of next tranche” official sources said.
Remember that IMF delegation came to Pakistan last month to assess the economic performance. According to the finance ministry, Pakistan has met all IMF targets with a clear margin.
International Monetary Fund (IMF) declares Pakistan’s performance satisfactory.
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