Economic Review Looms as IMF Delegation Sets Sights on Pakistan’s Financial Landscape

The International Monetary Fund (IMF) is sending a mission to Pakistan on November 2, 2023, to conduct an economic review of the $3 billion Stand-By Arrangement (SBA) that was approved in July. The mission, led by Nathan Porter, aims to evaluate Pakistan’s economic progress and performance under the SBA. This review is a significant milestone within the 9-month SBA program, and it will play a crucial role in determining the release of additional funds from the IMF.

The SBA was initiated to assist Pakistan in stabilizing its economy, both domestically and externally. The initial tranche of $1.2 billion was disbursed in July, and the remaining portion is contingent upon the outcomes of this review.

The mission’s assessment will provide a framework for Pakistan’s economic policies moving forward, helping to address domestic and external imbalances. It will also pave the way for potential financial support from various multilateral and bilateral partners, in addition to the IMF.

The stakes are high as this review will shape Pakistan’s financial trajectory. The country’s economic stability and ability to meet the conditions set by the IMF will be closely scrutinized. The successful completion of this review could unlock the remaining bailout funds and offer Pakistan a lifeline to manage its economic challenges.

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