The International Monetary Fund (IMF) has stated that it’s still too early to determine if ongoing discussions with Pakistan will result in a new loan package.
During a news briefing in Washington on Thursday, Julie Kozack, the IMF’s Director of Communications, confirmed that an IMF delegation is currently in Islamabad for talks with Pakistani authorities.
When asked if these discussions could lead to a staff-level agreement on a new loan or if it was just a preliminary visit, Kozack responded that it was premature to say. “Given that there is a mission on the ground, we will wait for them to complete their work and will communicate the findings in due course, which will include answers to your questions,” she said.
Kozack provided an update on the Islamabad talks, noting that on April 29, the IMF Executive Board completed the second review of the Stand-by Arrangement for Pakistan, which enabled a disbursement of about $1.1 billion.
“The completion of the second and final review of the Stand-by Arrangement reflected the authorities’ strong policy efforts during this period, which helped stabilize the economy,” she added.
