India joins IMF executive board, refrains from making public comments on IMF loans to Pakistan
IMF to ensure that Pakistan does not use loans to meet defense expenditure. India
Commerce Editor
LONDON: Pakistan will hold talks with the International Monetary Fund (IMF) later this month to seek help to shore up its ailing economy, clearly citing the country’s debt burden. The first round of talks with the IMF is expected this month, which will focus on issuing the final tranche of a $3 billion loan package. In a statement at the beginning of this week, the IMF expressed its interest in starting discussions with the newly elected government of Pakistan on the two packages. A notable event this year is India’s appeal to the IMF, which The IMF has been urged to ensure that Pakistan does not use loans to cover defense expenditures. India is on the IMF’s executive board but has always supported Pakistan in the past. The IMF has refrained from making public comments on its loans. Although any impact of India’s request on the IMF’s decision is uncertain, it is clear that political stability or instability in the country will affect Pakistan’s negotiating position with creditors. Will make it.
The ‘complex negotiations’ between the IMF and Pakistan for the $3 billion loan program are expected to begin this month
