IMF approves $2.4 billion support for Pakistan under two economic programmes

IMF approves $2.4 billion support for Pakistan under two economic programmes

During the IMF meeting, India raised concerns about the effectiveness of IMF programmes in Pakistan, citing its poor track record and the potential misuse of debt financing for state-sponsored cross-border terrorism, according to a statement from the Ministry of Finance following the May 9 meeting.

IMF approved $1 billion for Pakistan under EFF Arrangement

The Executive Board of the International Monetary Fund (IMF) has approved $1billion tranche for Pakistan under Extended Fund Facility (EFF) and approved an arrangement under the Resilience and Sustainability Facility (RSF), with access of about $1.4 billion. According to a press release issued by the fund, the IMF Executive board completed the first review of Pakistan’s economic reform program supported by the EFF Arrangement. This decision allo…

India slams IMF on repeated Pakistan loans, questions effectiveness

ECONOMYNEXT – India has slammed the International Monetary Fund over its latest loan to Pakistan as hostilities broke out following a massacre of Indian civilians by an allegedly Pakistan backed group. Pakistan cleared the first review of the latest IMF program (there have been 25 so far) and approved a fresh one which gives the country access to another 1.4 billion US dollars. India said it abstained from voting at the IMF board review. “In the…

The International Monetary Fund (IMF) is in the news these days. It is being said that Kangal has once again knocked on the IMF doors for money to Pakistan. It needed more loans amid tensions with India following the approval of a $1 billion loan for Pakistan from the IMF. Amid tensions with Pakistan, India has said it will put Pakistan's ills before the IMF. What is the operation of the IMF then? Where does he get the money, which he is distrib…

India raises concerns over IMF lending to Pakistan, risk of debt misuse for cross-border terrorism

Shillong, May 10: The International Monetary Fund (IMF) on May 9 reviewed its ongoing $1 billion Extended Fund Facility (EFF) lending program for Pakistan and considered a fresh $1.3 billion Resilience and Sustainability Facility (RSF) arrangement. However, the proceedings were marked by strong reservations expressed by India, which raised serious concerns about Pakistan’s poor track record with IMF programs and the potential misuse of internati…

India raises alarm over IMF’s continued financial support to Pakistan, flags terror finance risks - The Press United | International News Analysis, Viewpoint

India has raised strong objections to the International Monetary Fund’s (IMF) latest financial packages for Pakistan, questioning the country’s credibility and warning of potential misuse of funds for sponsoring cross-border terrorism. At a key IMF meeting held on Friday, the Fund reviewed Pakistan’s existing $1 billion Extended Fund Facility (EFF) and considered approving a new $1.3 billion Resilience and Sustainability…