https://arab.news/68ac4
- IMF team usually spends around two weeks to review fiscal reforms and policy
- Separate IMF team is visiting Pakistan to discuss around $1 billion in climate financing
ISLAMABAD: A mission from the International Monetary Fund (IMF) will arrive in Pakistan next week, finance minister Muhammad Aurangzeb said on Wednesday, with a first review of a $7 billion bailout program due in March.
Islamabad secured the $7 billion Extended Fund Facility (EFF) last summer as part of an economic recovery plan.
Pakistan’s economy had stabilized and now needs to focus on an export led growth, the finance minister said.
The IMF team usually spends around two weeks to review fiscal reforms and policy.
A separate IMF team is visiting Pakistan to discuss around $1 billion in climate financing on top of the EFF.
That disbursement will take place under the IMF’s Resilience and Sustainability Trust, created in 2022 to provide long-term concessional cash for climate-related spending, such as adaptation and transitioning to cleaner energy.