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Pakistan will need no money after IMF’s $6 billion loan

Christian Fernsby ▼ | October 1, 2019
Pakistan will have no need to go back to the IMF in the future once it receives the last loan programme of $6 billion from the global lender, governor of the State Bank of Pakistan has said.
Reza Baqir
Asia   Reza Baqir
Reza Baqir said the recent structural reforms implemented under commitments made with the International Monetary Fund (IMF) had started providing much-needed support to the weak economy to enable it to stand on its own feet.

Topics: Pakistan IMF loan

“The goal is to have foreign exchange reserves that are sufficiently high and with that we will not go back to the IMF for another programme,” he was quoted as saying by ‘The Express Tribune’.

The IMF approved the latest 39-month-long loan programme in July, when the lender released the first tranche of $991.4 million of the total loan programme of $6 billion.