IMF was suppose to announce a funds for Pakistan this week.

Doom1111

Minister (2k+ posts)
IMF was suppose to announce a funds for Pakistan this week.

According to this article was bound to happen this week but no news on it nor any conformation

$1.4 bn Rapid Financing Instrument: IMF MD says has good conversation with PM Imran Khan


RTS2GV42.jpg


ISLAMABAD: The IMF’s Managing Director Kristalina Georgieva said that she had good conversation with Pakistan’s Prime Minister Imran Khan on measures to mitigate the impact of COVID-19.

In a tweet on Saturday, the IMF’s MD stated that the IMF provides financial support during this difficult time and remains closely engaged on the design of policies.

Earlier, Pakistan had requested the IMF to provide $1.4 billion through Rapid Financing Instrument (RFI) and within a few days the IMF’s MD replied that the Fund team was working expeditiously to respond to this request so that a proposal can be considered by the IMF’s Executive Board as soon as possible.

Now it is expected that the IMF’s Board will take up Pakistan’s request and will grant approval for $1.4 billion request by end of next week. There is also possibility that the completion of second review and release of third tranche worth $450 million might be delayed because new realities emerged in the aftermath of outbreak of COVID-19 virus but it is not yet clear for how much long it will be delayed.

There is also possibility that second and third reviews might be clubbed together but so far noting finalised on this front. However, renowned economist Dr Ashfaque Hassan Khan has criticised the IMF for prompt response on the request of fresh loan and stated that the multilateral creditors must come up with debt relief if they really want to help the poor countries. The burdening through loans, he said, will not help the countries to find out space for diverting towards social sector.



 
Last edited by a moderator:

Sonya Khan

Minister (2k+ posts)
We a Geratmand nation...........We dnt need Zionists help.

We will fight this epidemic ourself...........with the help of our own
Corona Doggy Force.



Don’t speak like stupid endians .... it’s ghairatmand not ‘gerat mand’ Stupid endians have destroyed their Hindi language, destroyed their social structure and infact have destroyed and thrown their country down the gutter ... Dont emulate stupid endians.....
 

surfer

Chief Minister (5k+ posts)

aneeskhan

Prime Minister (20k+ posts)
It should be equally honesty divided among Khan, Zardari, Sharif and Bajwa main stake holders of Pakistan.
Pakistani Public will make slogans for them
Jiye Imran
Jiye Sharif
Jiye Zardari
Jiye Bajwa
They are really great ?? serving Pakistan at most difficult times.
Good things are that resolving the issues very well among themselves
Like Bajwa extension
Like Sharif London Departure
Like Zardari KARACHI departure
Like continuation of Sindh n Federal Governments.
 

akinternational

Minister (2k+ posts)
Stop paying millions of rupees daily interest on credit what Pakistani people did not take and did not use...ask IMF and World to recover it from Sharifs and zardaris...stop dog and cat food and other ayyashi imports...hang hafeez shaikh and raza baqir and all those ghaddar who propagate that Pakistan can not survive without credit.
............Wahid hal ISLAMI INQELAB, sabr karo......................
 

Citizen X

President (40k+ posts)
It should be equally honesty divided among Khan, Zardari, Sharif and Bajwa main stake holders of Pakistan.
Pakistani Public will make slogans for them
Jiye Imran
Jiye Sharif
Jiye Zardari
Jiye Bajwa
They are really great ?? serving Pakistan at most difficult times.
Good things are that resolving the issues very well among themselves
Like Bajwa extension
Like Sharif London Departure
Like Zardari KARACHI departure
Like continuation of Sindh n Federal Governments.
Don't worry no matter what you write Mushy will never be president again.
 
Sponsored Link