{"id":301148,"date":"2022-12-14T15:48:15","date_gmt":"2022-12-14T10:48:15","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=301148"},"modified":"2022-12-14T15:52:00","modified_gmt":"2022-12-14T10:52:00","slug":"financial-wizards-split-over-default-risk","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/financial-wizards-split-over-default-risk\/","title":{"rendered":"Financial wizards split over default risk"},"content":{"rendered":"<p><strong>\u2022 Miftah warns default risk won\u2019t subside until IMF, other multilateral lenders \u2018come to the table\u2019<br \/>\n\u2022 Dar claims previous govt eroded credibility with Fund, says S. Arabia asked to double deferred oil payment facility<br \/>\n\u2022 Pakistan, other borrowers fail to persuade lender to review surcharges on loans<\/strong><\/p>\n<p>KARACHI: Two of the country\u2019s financial managers \u2014 past and present \u2014 cannot agree on whether the national economy is still in the red or out of danger.<\/p>\n<p>In interviews with private media broadcast on Tuesday night, Finance Minister Ishaq Dar and his predecessor Miftah Ismail put forward their views on the state of Pakistan\u2019s economy: while Mr Dar argued that the country\u2019s performance criteria were up to the mark and \u201ccomplete\u201d for the International Mone\u00adtary Fund\u2019s (IMF) ninth review, Mr Ismail insisted that the default risk wouldn\u2019t subside unless the Fund came to the table.<\/p>\n<p>Meanwhile, borrowers like Pakistan have failed to persuade the IMF to review the surcharges it collects from them on loans that are not repaid quickly. The Fund\u2019s executive board and these middle- and lower-income countries discussed the issue on Monday but failed to reach a conclusion.<\/p>\n<p>Pakistan, Argentina and other borrowers want the IMF to drop \u2014 or at least temporarily waive \u2014 the surcharges, which the IMF estimates will cost affected borrowers $4 billion on top of interest payments and fees from the start of the Covid-19 pandemic through the end of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2022 Miftah warns default risk won\u2019t subside until IMF, other multilateral lenders \u2018come to the table\u2019 \u2022 Dar claims previous govt eroded credibility with Fund, says S. Arabia asked to double deferred oil payment facility \u2022 Pakistan, other borrowers fail to persuade lender to review surcharges on loans KARACHI: Two of the country\u2019s financial managers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":301158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-301148","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial wizards split over default risk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/financial-wizards-split-over-default-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial wizards split over default risk\" \/>\n<meta property=\"og:description\" content=\"\u2022 Miftah warns default risk won\u2019t subside until IMF, other multilateral lenders \u2018come to the table\u2019 \u2022 Dar claims previous govt eroded credibility with Fund, says S. 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