By: Chandrashekar Bhat
AN International Monetary Fund (IMF) mission will visit Pakistan on November 2 to discuss the first review of the country’s current $3 billion standby arrangement (SBA), the lender’s resident representative said on Tuesday (24).
The south Asian nation is trying to navigate a tricky path to economic recovery under the caretaker government of prime minister Anwaar-ul-Haq Kakar in the wake of an IMF loan programme, approved in July, that helped avert a sovereign debt default. Under the programme, Pakistan received $1.2 billion from the IMF as the first tranche in July.
“An International Monetary Fund team led by Mr. Nathan Porter will field a mission to Pakistan starting in November 2 on the first review under the current Stand-By Arrangement,” the IMF’s resident representative to Pakistan, Esther Perez Ruiz, said.
(Reuters)
