Islamabad, JULY25: The International Monetary Fund (IMF) Executive Board is expected to discuss Pakistan’s fresh $7 billion bailout package in mid-August.
The lender will confirm the bailout in four to six weeks, and the best time for the Board to approve payment is in the middle of August. The process will move more quickly if Pakistan’s development and bilateral partners promptly confirm the requisite finance assurances.
Funding arrangements for addressing climate change and natural disaster risks will be the subject of early negotiations. The IMF is also taking into account Pakistan’s request for claim funding, according to the sources.
To take advantage of the IMF’s Resilience and Sustainability Facility (RSF) program, which provides long-term, reasonably priced financing, Pakistan must determine which climate change projects are long-term priorities.According to additional sources, in order to accomplish this, the Ministry of Finance will need to work with other international organizations.
