IMF puts forward a strong condition before Pakistan ahead of bailout package

IMF puts forward a strong condition before Pakistan ahead of bailout package
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BALI - The International Monetary Fund (IMF) has put forward strong condition 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 with Finance Minister Asad Umar, State Bank Governor Tariq Bajwa and members of their economic team who requested financial assistance to help address Pakistan’s economic challenges.

Ahead of her meeting with the Pakistani team, Lagarade while addressing the IMF and World Bank Group annual meetings said, “In whatever work we do, we need to have a complete understanding and absolute transparency about the nature, size, terms of the debt that is bearing on a particular country.”

She added that the IMF needs to understand the extent of the position of all of Pakistan’s debt, including lending from sovereign governments and from state-owned enterprises, so that its debt sustainability can be determined.

Economy