AN International Monetary Fund (IMF) mission will visit Pakistan on November 2 to discuss the first review of the country's current $3 billion standby arrangement (SBA), the lender's resident representative said on Tuesday (24).
The south Asian nation is trying to navigate a tricky path to economic recovery under the caretaker government of prime minister Anwaar-ul-Haq Kakar in the wake of an IMF loan programme, approved in July, that helped avert a sovereign debt default. Under the programme, Pakistan received $1.2 billion from the IMF as the first tranche in July.
"An International Monetary Fund team led by Mr. Nathan Porter will field a mission to Pakistan starting in November 2 on the first review under the current Stand-By Arrangement," the IMF's resident representative to Pakistan, Esther Perez Ruiz, said.
(Reuters)
IMF team to visit Pakistan to review standby arrangement
The country is attempting an economic recovery under the caretaker government of prime minister Anwaar-ul-Haq Kakar
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