Ishaq Dar, Pakistan’s finance minister, stated on Sunday that his country aims to give the International Monetary Fund (IMF) thorough information on its future budget in order to speed up the delivery of stalled funds. Dar said in an interview that the IMF had asked for more details on the budget and that Pakistan was willing to meet this demand.
As part of a $6.5 billion bailout programme put in place in 2019, Pakistan was supposed to get $1.1 billion from the IMF. However, there have been delays since November. In an effort to complete the 9th review, the IMF and Pakistan held two weeks of talks in Islamabad in February. Although the IMF has not yet released the cash, doing so will be essential for Pakistan to be able to secure further bilateral and multilateral finance.
Dar stressed his wish for the IMF to disburse the cash before the budget is slated to be presented in early June while expressing his worries. He argued that it would be unfair to combine the 9th and 10th evaluations, and he backed a separate analysis of the present state of affairs.
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Ishaq Dar, Pakistan’s finance minister, has emphasised the nation’s commitment to provide the IMF with complete budget information. This action aims to break the deadlock in the money’s disbursement, which Pakistan needs to access other types of financial aid. Minister Dar has further pleaded with the IMF to provide the money before the budget is presented, pointing out the injustice of combining two different evaluations.
