Tuesday , June 2 2020

IMF to visit Pakistan to Review Country’s Performance


The International Monetary Fund (IMF) mission has arrived in Islamabad to review Pakistan’s performance under its $6 billion Extended Fund Facility (EFF) finalised in May this year.

The IMF team led by Mission Chief to Pakistan Ernesto Ramirez-Rigo will stay in the country for two weeks.

“The structured dialogue was a diplomatic architecture that was created under the Obama administration. And so, that was how the Obama administration approached its relationship with Pakistan,” said the US official when asked if Washington had plans to revive its structured dialogue with Pakistan.

“If you look under the Trump administration, we have had extensive high-level engagements and certainly Prime Minister Imran Khan’s visit to Washington demonstrated that,” the official added.

The successful completion of the first review would enable Islamabad to draw about $453 million from the Fund in first part of December this year, taking the total amount to almost $1.44bn.

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