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IMF doubts Pakistan's repayment capacity as support team arrives in Islamabad
[GEO.TV] The International Monetary Fund (IMF) has claimed that the crisis-hit and cash-strapped Pakistain faces debt-repayment challenges.The development came hours after an IMF support team reached Pakistain on Friday to hold talks regarding the South Asian nation's request for a fresh bailout package under the Extended Fund Facility (EFF). In its staff report on the country issued earlier this month, the Washington-based lender said: "Pakistain’s capacity to repay the fund is subject to significant risks and remains critically dependent on policy implementation and timely external financing." Related: International Monetary Fund: 2024-05-09 Federal Reserve Chairman: Migration Boosts Mortgage Rates International Monetary Fund: 2024-04-30 IMF Executive Board okays $1.1bn loan tranche for Pakistan International Monetary Fund: 2024-04-29 PM Shehbaz, IMF chief discuss new bailout package on WEF sidelines Posted by: Fred 2024-05-11 |
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