ISLAMABAD: A delegation of the International Monetary fund (IMF) is scheduled to visit the federal capital for the two-week call on 28th October.
According to a statement issued by the ministries of finance, the IMF delegation will review the economic progress of Pakistan. The delegation will release the second installment of $6 billion bailouts set after the report.
Also read: Pakistan to come out of FATF’s grey list in Feb 2020: Azhar
In July, the IMF had released $1 billion to Pakistan after its cabinet approved a $6 billion bailout package. It is a three-year loan programme.
The fund will evaluate Pakistan’s performance quarterly over 39 months, phasing release of the additional funding over time.
Earlier on Friday, the Financial Action Task Force (FATF) decided to continue placing Pakistan on its grey list for the next four months.
This has handed Pakistan a final lifeline after acknowledging recent improvements. The nation escaped from a blacklist which could have resulted in sanctions.
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