The International Monetary Fund IMF delegation will visit Pakistan in November 2024 to early review the progress of the country. The delegation aims to review the progress of the country for a $7 billion package.
The delegates will oversee the progress of implementing 40 conditions that the IMF agreed upon in exchange for the bailout.
The delegation is led by Mission Cheif Nathan Porter, staying from 11 November to 15 November.
The discussion includes major factors like the results of the July-September targets and the progress of the second quarter through October-December 2024.
The IMF approved a 37-month financial support program for Pakistan, worth about $7 billion, to help stabilize its economy.
Pakistan has sought IMF assistance 25 times because of repeated financial crises.
During this visit, the IMF team will review Pakistan’s progress and recent developments related to the program. However, the first formal review of this program won’t happen until early 2025.
The IMF’s early review of Pakistan’s performance has raised concerns due to mixed progress and some early setbacks. Prime Minister Shehbaz Sharif’s government is also wary about the timing of the IMF team’s visit.
Some government officials see this review as a chance to renegotiate certain targets, while others worry it could be a challenging session with strict questions from the IMF, as the initial loan agreement left little room for flexibility.
