Pakistan's finance minister to meet IMF in Geneva, with bailout stalled

Australia News News

Pakistan's finance minister to meet IMF in Geneva, with bailout stalled
Australia Latest News,Australia Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

An International Monetary Fund (IMF) delegation will meet Pakistan's finance minister on the sidelines of a conference in Geneva beginning on Jan. 9, a spokesperson of the lender said on Sunday, as Pakistan struggles to restart its bailout programme.

The lender is yet to approve the release of $1.1 billion originally due to be disbursed in November last year, leaving Pakistan with only enough foreign exchange reserves to cover one month's imports.

The conference in Geneva, co-hosted by Prime Minister Shehbaz Sharif and United Nations Secretary General Antonio Guterres, will look to gather international support for the country in the aftermath of devastating floods last year. A plan laying out a timeline and the financing of the rebuilding effort has been a sticking point in talks to clear the ninth review that will release $1.1 billion in IMF funds and unlock other international funding too.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pakistan’s Trailblazing Cannes Winner & International Oscar Hopeful ‘Joyland’ Gets U.S. Distribution DealPakistan’s Trailblazing Cannes Winner & International Oscar Hopeful ‘Joyland’ Gets U.S. Distribution DealEXCLUSIVE: Trailblazing Pakistani movie Joyland has been picked up for U.S. distribution by Oscilloscope. After becoming the first Pakistani movie to debut at Cannes, where it was awarded the Jury …
Read more »

West Aurora first, WW South second at Geneva's annual Newbill inviteWest Aurora first, WW South second at Geneva's annual Newbill inviteNoah Quintana wasn't quite able to place at the IHSA state tournament last season.
Read more »

Indian economy in a relative 'bright spot', must leverage exports: IMF officialIndian economy in a relative 'bright spot', must leverage exports: IMF officialIndia is in a relative 'bright spot' in the world economy, but needs to leverage its existing strength in services exports and extend it to job-rich manufacturing exports, a top official at the International Monetary Fund (IMF) said on Friday.
Read more »

All non-U.S. citizens will soon have their faces scanned at Philadelphia International AirportAll non-U.S. citizens will soon have their faces scanned at Philadelphia International AirportScanners using facial biometric technology are being installed at 25 boarding gates used for international flights at PHL.
Read more »

Ethiopia’s final report on Boeing 737 MAX crash sparks international dispute over pilot errorEthiopia’s final report on Boeing 737 MAX crash sparks international dispute over pilot errorFrench aviation safety authorities this week joined U.S. investigators in a harsh critique of the final report by Ethiopian authorities into the March 2019 crash of a Boeing 737 MAX.
Read more »

Iraq ends three decades of international football ban with Gulf CupIraq ends three decades of international football ban with Gulf CupFootball tournament in southern city of Basra brings together eight teams from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the UAE and Yemen
Read more »



Render Time: 2025-02-28 19:04:54