{"id":595389,"date":"2023-01-08T01:15:00","date_gmt":"2023-01-08T07:15:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/08\/pakistans-finance-minister-to-meet-imf-in-geneva-with-bailout-stalled\/"},"modified":"2023-01-08T01:15:00","modified_gmt":"2023-01-08T07:15:00","slug":"pakistans-finance-minister-to-meet-imf-in-geneva-with-bailout-stalled","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/08\/pakistans-finance-minister-to-meet-imf-in-geneva-with-bailout-stalled\/","title":{"rendered":"Pakistan’s finance minister to meet IMF in Geneva, with bailout stalled"},"content":{"rendered":"
\n

\"Pakistan's
\n\u00a9 Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS\/Yuri Gripas\/File Photo<\/span>
\n<\/i>\n<\/p>\n

By Gibran Naiyyar Peshimam<\/p>\n

ISLAMABAD (Reuters) – An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva beginning on Jan. 9, a spokesperson of the lender said on Sunday, as Pakistan struggles to restart its bailout programme. <\/p>\n

The lender is yet to approve the release of $1.1 billion originally due to be disbursed in November last year, leaving Pakistan with only enough foreign exchange reserves to cover one month’s imports.<\/p>\n

“The IMF delegation is expected to meet with Finance Minister (Ishaq) Dar on the sidelines of the Geneva conference to discuss outstanding issues and the path forward,” a spokesperson of the IMF said in a message to Reuters. <\/p>\n

The conference in Geneva, co-hosted by Prime Minister Shehbaz Sharif and United Nations Secretary General Antonio Guterres, will look to gather international support for the country in the aftermath of devastating floods last year. <\/p>\n

The floods killed at least 1,700 people and caused billions of dollars of damage to critical infrastructure.<\/p>\n

A plan laying out a timeline and the financing of the rebuilding effort has been a sticking point in talks to clear the ninth review that will release $1.1 billion in IMF funds and unlock other international funding too. <\/p>\n

Dar has been critical of the IMF lately, publicly saying that the lender was acting “abnormally” in its dealings with Pakistan, which entered the $7 billion bailout programme in 2019. <\/p>\n

The IMF spokesperson also said its Managing Director Kristalina Georgieva had a “constructive call” with Sharif regarding the Geneva conference and supported Pakistan’s efforts to rebuild. <\/p>\n<\/div>\n

Read More<\/a>
\n Randy Badon<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS\/Yuri Gripas\/File Photo By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva beginning on Jan. 9, […]<\/p>\n","protected":false},"author":1,"featured_media":595390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26943,534,26251],"tags":[],"class_list":{"0":"post-595389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-financial","9":"category-pakistans"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/595389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=595389"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/595389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/595390"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=595389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=595389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=595389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}