During a briefing in Washington, International Monetary Fund (IMF) Director of Communications, Julie Kozack, stated that it is still too early to determine whether ongoing discussions with Pakistan will result in a new loan package.
When asked if the talks could lead to a staff-level agreement on a new loan or if it was just a preliminary visit, journalists speculated about the timing of a potential agreement.
“Regarding Pakistan, given that there is a mission on the ground, we will wait for them to complete their work. We will communicate the findings of the mission in due course, including answers to some of your questions,” Kozack responded.
It was reported on Friday that an IMF team would meet with Pakistani authorities this week to discuss a new bailout program under the Extended Fund Facility (EFF).
Last month, Finance Minister Muhammad Aurangzeb expressed expectations of a larger bailout program from the IMF. He mentioned that if the loan is approved, Islamabad would revisit its National Finance Commission (NFC) award, which allocates revenues between the federation and the provinces.
Read more: https://azaadenglish.com/what-does-pakistan-need-to-do-to-get-a-fresh-bailout-package-from-imf/
