May 12, 2020 (MLN): Pakistan and the International Monetary Fund (IMF) are trying their very best to ensure that the outcome of the second review of the $6 billion loan program turns out positive, says IMF’s resident representative, Teresa Dabán Sanchez.
Bloomberg on Monday reported that the virtual talks are guided by Pakistan’s renewed commitment to implement the policies and reforms. If Pakistan manages to convince IMF of its performance, it will receive around $450 million by the end of the talks
The discussions regarding the $6 billion loan program were supposed to continue in March, however, the COVID-19 pandemic shifted IMF’s focus to other important issues, including the provision of an emergency loan of $1.4 billion to Pakistan.
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