Ishaq Dar, Pakistan’s finance minister, promised an anxious nation on Saturday that the much-delayed ninth review of the USD 7 billion IMF programme was on track, a day after he postponed his trip to Washington for the IMF and World Bank’s spring meetings. Cash-strapped In order to keep the country from going bankrupt, Pakistan and the IMF were unable to come to a staff-level agreement on the crucial USD 1.1 billion bailout package. According to analysts, the funds are a crucial component of a USD 6.5 billion bailout package that the IMF authorised in 2019 if Pakistan is to avoid defaulting on its responsibilities under external debt.
IMF accord is proceeding as planned, says Pakistan’s Finance Minister Dar
