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This latest funding marks the third and final installment of a USD 3 billion standby arrangement with the IMF, crucial for Pakistan to stave off a sovereign default, particularly as the existing arrangement is set to expire this month.
Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after a current $3 billion standby arrangement expires this month.
WB emphasizes strong macroeconomic frameworks to ensure fiscal sustainability
Pakistan News: Pakistan formally requests a USD 6-8 billion bailout package from IMF with climate financing, aiming for consensus by May 2024. IMF projects 2% growth
ISLAMABAD: Pakistan is eager to negotiate a larger and longest Extended Fund Facility (EFF) of the International...