On Sunday, Pakistan’s Finance Minister Ishaq Dar announced the IMF will review its 2018 budget to release blocked money.
“They have asked us for some more details like the details of (the) budget, we will give that to them,” Dar said in an interview with Pakistan’s Geo TV.
Pakistan’s $1.1 billion IMF money, part of the 2019 $6.5 billion rescue package, has been delayed since November.
Pakistan and the IMF held two weeks of negotiations in Islamabad in February to finalize the 9th review. Still, the lender has not delivered the money needed to unlock other bilateral and multilateral credit.
“We will not do the 9th and ten reviews together,” Dar said, requesting the IMF release the cash before the budget is tabled in early June. It’s unfair.”
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