Summary
- NEW YORK – Pakistan Prime Minister Shehbaz Sharif is meeting the chiefs of the International Monetary Fund (IMF) and the World Bank today before being considered by the board of the latter for its loan a day later.
- At the earlier meeting with Turkish President Tayyip Erdogan, he said that Islamabad has fulfilled all the stringent conditions set by the IMF and expressed hope for fiscal assistance to stabilize Pakistan’s economy.
- Earlier this month IMF Director of Strategic Communications Julie Kozack confirmed in a statement that the board meeting was scheduled after assurances that Pakistan was securing the necessary financing from its development partners.
NEW YORK – Pakistan Prime Minister Shehbaz Sharif is meeting the chiefs of the International Monetary Fund (IMF) and the World Bank today before being considered by the board of the latter for its loan a day later.
At the earlier meeting with Turkish President Tayyip Erdogan, he said that Islamabad has fulfilled all the stringent conditions set by the IMF and expressed hope for fiscal assistance to stabilize Pakistan’s economy.
During the United Nations General Assembly session, he will meet IMF Chief Kristalina Georgieva and World Bank President Ajay Banga. “He will have meetings with the officials of IMF, and hopefully, the entire package will be crystallized.”.
Earlier this month IMF Director of Strategic Communications Julie Kozack confirmed in a statement that the board meeting was scheduled after assurances that Pakistan was securing the necessary financing from its development partners.
The $7 billion EFF agreement reached in July awaits formal approval by the IMF executive board.
Prime Minister Shehbaz also acknowledged support from Saudi Arabia, the UAE, and China, highlighting that the economic indicators of the country are gradually improving.
