IMF delegation to meet Dar on sidelines of Geneva conference

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A delegation of the International Monetary Fund (IMF) will meet Finance Minister Ishaq Dar on the sidelines of the upcoming Geneva conference to “discuss outstanding issues”, the lender’s spokesperson said on Sunday.

The International Conference on Climate Resilient Pakistan will be held in Geneva today (Monday). The event will be co-hosted by the Government of Pakistan and the United Nations.

It aims to bring together government representatives, leaders from the public and private sectors and civil society to support the people and the government after the devastating floods of 2022.

On Sunday, an IMF spokesperson told media that the global lender’s managing director had a “constructive call” with Prime Minister Shehbaz Sharif on January 6.

“The MD again expressed her sympathy to those directly affected by the floods and supported Pakistan’s efforts to build a more resilient recovery.”

The spokesperson added that an IMF delegation is expected to meet with Dar on the sidelines of the Geneva conference to discuss “outstanding issues and the path forward”.

The development comes two days after PM Shehbaz said an IMF delegation would come to Pakistan in “two to three days” to finalise the ninth review of Pakistan’s $7bn Extended Fund Facility (EFF).

Pakistan entered a $6 billion IMF programme in 2019, which was increased to $7bn last year. The programme’s ninth review, which would release $1.18bn, is currently pending. It had earlier been put off for two months due to the PML-N-led government’s unwillingness to accept certain conditions placed before it by the Fund, and the disagreements have yet to be resolved.