Canada Global(Web News) The IMF has not finalized the schedule of the Executive Board meeting to complete the first review on Pakistan’s request and release the second tranche of $700 million from the $3 billion standby agreement program. Thus, the release is likely to happen in January.
The IMF has not yet released a final schedule as the fund’s team is still negotiating with bilateral and multilateral lenders (to give Pakistan as much money as it really needs) for its 24.9 billion for the current fiscal year. Trying to meet dollar funding needs. As a result of the delay, policymakers are also speculating that the IMF may begin discussions with the elected government about a second review after the next general election.
The IMF’s program schedule originally called for the start of the second review talks on February 3, 2024, but if the elections are held on February 8, that would result in the talks being held in the last week of February or early March. Standby This program will end on April 14, 2024.
