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On November 2, 2023, a team from the International Monetary Fund (IMF) will visit Pakistan to conduct an economic evaluation of the $3 billion stand-by arrangement (SBA). This information was relayed by Esther Pérez Ruiz, the IMF’s Resident Representative in Pakistan, in a statement to Reuters on Tuesday.
Esther Pérez Ruiz stated, “A mission led by Nathan Porter from the International Monetary Fund will be dispatched to Pakistan commencing on November 2 for the initial review within the existing Stand-By Arrangement.”
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This review is a part of the ongoing 9-month SBA, which received approval back in July. The review scheduled for next week is expected to serve as a guiding policy framework for addressing remaining bailout disbursements, as well as tackling both domestic and external economic imbalances. It will also establish a financial support framework from various international and bilateral partners, in addition to the IMF.
It’s worth noting that the IMF disbursed the first tranche of $1.2 billion in July, with the disbursement of the remaining portion still pending and dependent on the outcome of next week’s meeting.
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