BALI – The International Monetary Fund (IMF) has put forward strongcondition before Pakistan over its debts and real economic conditions.
IMF has asked Pakistan to disclose its debts with “absolute transparency”to receive a bailout package.
A day earlier, IMF Managing Director Christine Lagarde said she met withFinance Minister Asad Umar, State Bank Governor Tariq Bajwa and members oftheir economic team who requested financial assistance to help addressPakistan’s economic challenges.
Ahead of her meeting with the Pakistani team, Lagarade while addressing theIMF and World Bank Group annual meetings said, “In whatever work we do, weneed to have a complete understanding and absolute transparency about thenature, size, terms of the debt that is bearing on a particular country.”
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She added that the IMF needs to understand the extent of the position ofall of Pakistan’s debt, including lending from sovereign governments andfrom state-owned enterprises, so that its debt sustainability can bedetermined.
