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Pakistan Formally Requests IMF Bailout Amid Cash Crunch
The Business Guardian
|April 22, 2024
Pakistan has made a formal request to IMF for seeking the next bailout package in the range of $6 to $8 billion with the possibility of augmentation through climate financing, a media report said on Saturday.
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Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next month to firm up details of the next bailout package for three years under the Extended Fund Facility (EFF).
However, the exact size and timeframe of the new package will only be determined after evolving consensus on the major contours of the next programme in May 2024, Geo News reported from Washington.
Dit verhaal komt uit de April 22, 2024-editie van The Business Guardian.
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