The executive board meeting will proceed as planned: The IMF
In the face of Indian resistance, the International Monetary Fund (IMF) has declared its support for Pakistan and stated that its executive board meeting to evaluate Pakistan’s debt program will take place on May 9 as scheduled.
The IMF indicated in a recent statement that the Executive Board meeting on the review of Pakistan’s debt program will take place on May 9 as scheduled.
According to the statement, the fund hopes that tensions between India and Pakistan would decrease and that the continuing conflict between the two nations will be settled peacefully.
Pakistan is anticipated to get a $2.3 billion package from the IMF during the meeting, according to Ministry of Finance officials.
The $1.3 billion RSF initiative for climate funding is anticipated to be approved at the meeting, according to the Ministry of Finance. To address the issue of climate change, funds will be paid in stages over a period of 28 months. On March 25, 2025, Pakistan and the IMF reached a staff-level agreement.
It should be remembered that India had earlier requested the International Monetary Fund (IMF) to review the loans given to Pakistan, but the IMF ignored India’s request.
