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Dar to visit US to attend IMF, WB meetings

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Finance Minister Ishaq Dar will be leading a high-powered delegation to the US which will attend the upcoming annual spring meeting of the Bretton Woods Institutions (BWIs), known as the International Monetary Fund and World Bank, from April 10 to 16.

The finance minister, along with an official delegation comprising the Finance and Economic Affairs Division secretaries and the State Bank of Pakistan governor, might present fresh proposals before the IMF and World Bank for providing dollar inflows.

During the meetings Pakistan and the IMF would also discuss the possibility of combining the remaining 10th and 11th reviews under the $6.5 billion Extended Fund Facility programme in case the pending 9th Review is completed.

The IMF programme, signed in 2019, is going to expire on June 30, 2023, and under the set guidelines, the programme cannot be extended beyond the deadline.

 

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