IMF Brushes Aside Indian Propaganda

IMF brushes aside Indian propaganda

The International Monetary Fund (IMF) has said that the $7 billion lending programme is meant for only supporting Pakistan's foreign exchange reserves and it cannot be used for to finance the budget, brushing aside Indian propaganda about the usage of the loan. "All of the Extended Fund Facility (EFF) disbursements are allocated to the reserves of the central bank. So, those disbursements are at the central bank, and under the programme, those r…

Pakistan met all economic targets, EFF decisions taken by consensus: IMF

IMF says disbursements under the EFF are allocated to central bank reserves; no connection with budget financing.

Despite India's protest, IMF justifies $1 billion bailout to Pakistan: ‘Met all required targets’

Amid the tensions between India and New Delhi's formal protest, the IMF has justified its bailout to Pakistan.

Days After India's Message, IMF Defends Bailout Package To Pakistan

Last week, the International Monetary Fund (IMF) slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout program.

IMF Confirms Pakistan Meets All Economic Targets, EFF Disbursements Approved by Consensus

The International Monetary Fund (IMF) has confirmed that Pakistan met all the economic targets set under the Extended Fund Facility (EFF) program. This led to the IMF Executive Board’s consensus-based decision to approve funding disbursements. The EFF program aims to stabilize Pakistan’s foreign exchange reserves and address balance of payments issues, not to finance the government budget directly. IMF Communications Director Julie Kozack clarif…

IMF Defends Pakistan Bailout Amid Indian Objections

Washington-The International Monetary Fund (IMF) on Thursday defended its recent disbursements to Pakistan, rejecting Indian concerns that the bailout funds could be misused. IMF spokesperson Julie Kozack stated that the executive board approved a fresh $1.4 billion loan under its climate resilience fund and cleared a $1 billion tranche from the $7 billion Extended Fund […] The post IMF Defends Pakistan Bailout Amid Indian Objections appeared fi…