Says both sides will discuss \u201coutstanding issues and the path forward\u201d; PM Shehbaz to leave for Geneva today.
\n ISLAMABAD
\nA delegation of International Monetary Fund is expected to meet Finance Minister Ishaq Dar on the sidelines of International Geneva Conference going to be held tomorrow (Jan 9), the IMF spokesperson said on Sunday.
\nIn a statement, IMF representative in Islamabad Esther P\u00e9rez Ruiz said Prime Minister Shehbaz Sharif held a constructive talk with the managing director of the Fund on Jan 6 regarding the Geneva Conference scheduled to be held on Jan 9.
\nThe representative said that the IMF MD expressed her sympathy to those directly affected by the floods and supported Pakistan\u2019s efforts to build a more resilient recovery. She said that a delegation of the Fund is expected to meet Finance Minister Dar on the sidelines of Geneva Conference and they would discuss outstanding issues and are expected to find a way forward on the IMF loan programme.
\nPakistan entered a $6 billion IMF programme in 2019, which was increased to $7bn last year. The programme\u2019s ninth review, which would release $1.18bn, is currently pending. It had earlier been put off for two months due to government\u2019s unwillingness to accept certain conditions placed before it by the Fund, and the disagreements have yet to be resolved.
\nThe IMF spokesperson\u2019s statement came two days after prime minister announced that a delegation of the Fund would visit Pakistan in next two to three days to complete the ninth review of the IMF $7 billion loan programme for Pakistan.
\nOn Friday, Managing Director International Monetary Fund Ms Kristalina Georgieva called Prime Minister Shehbaz Sharif over telephone and reiterated her commitment to help Pakistan in the difficult period.
\nShe also expressed her deep sympathy and concern on the human and material losses due to recent floods. The prime minister thanked the Managing Director for her concern on the fallout of the floods and extended an invitation to her to participate in the Climate Resilient Pakistan Conference at Geneva.
\nKristalina Georgieva thanked the PM for the invitation to participate in the Climate Resilient Pakistan Conference at Geneva, saying she would be able to join the conference virtually as the IMF Board meetings had been prefixed for January 9 -10.
\nThe prime minister assured the MD IMF that Pakistan was committed to successfully completing the ongoing IMF programme and thanked the Ms Kristalina Georgieva for her understanding and empathy of the challenges that Pakistan was facing.
\nPrime Minister Shehbaz Sharif also wrote an op-ed in The Guardian on Friday to highlight the recovery, rehabilitation and reconstruction challenges facing Pakistan after one of the worst floods due to climate change.<\/p>\n","protected":false},"excerpt":{"rendered":"
Says both sides will discuss \u201coutstanding issues and the path forward\u201d; PM Shehbaz to leave for Geneva today. ISLAMABAD A delegation of International Monetary Fund is expected to meet Finance Minister Ishaq Dar on the sidelines of International Geneva Conference going to be held tomorrow (Jan 9), the IMF spokesperson said on Sunday. In a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-306263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n