The International Monetary Fund (IMF) has reaffirmed its support for Pakistan, announcing that its Executive Board will proceed with the scheduled review of Pakistan’s debt programme on May 9, despite objections raised by India.
In a recent statement, the IMF confirmed the meeting will take place as planned and expressed hope for a de-escalation of tensions between India and Pakistan, emphasizing its desire for a peaceful resolution to ongoing disputes between the two nations.
Officials from Pakistan’s Ministry of Finance revealed that the country is expected to secure a $2.3 billion package during the review. Additionally, the meeting is anticipated to approve a $1.3 billion Resilience and Sustainability Facility (RSF) programme, aimed at addressing climate change challenges. The funds under the RSF will be disbursed in installments over a 28-month period.
It is worth noting that India had earlier urged the IMF to reassess its financial assistance to Pakistan. However, the IMF did not act on India’s request, maintaining its commitment to support Pakistan’s economic and climate resilience initiatives.
