Pakistan PM Imran Khan to meet IMF chief on bailout talks

by   |  VIEW 216
Pakistan PM Imran Khan to meet IMF chief on bailout talks

The Pakistani Prime Minister, Imran Kahan, told the reporters on Saturday, the 9th of February, that he would be meeting the chief of International Monetary Fund, Christine Lagarde in Dubai on Sunday, February the 10th, over the sidelines of World Government Summit.

Pakistan has been seeking their 13th bailout since the late 1980s to handle a current account deficit, which could trigger a payment crisis, however, the talks had been delayed, as Pakistan found it extremely difficult to reconcile with the IMF reform demands.

Nonetheless, during multiple occasions, the Pakistan government had been quoted saying that the IMF reform push could have been too drastic that it could hurt the economic growth of the country. Nevertheless, the Pakistani information minister, Fawad Chaudhury had confirmed that the PM Imran Khan would be meeting the IMF’s Managing Director, Christine Lagarde during the World government summit in UAE.

The Information Minister, who would be accompanying the PM to Dubai, said to the reporters on Saturday, February the 9th, “This will give us a chance to understand the IMF views and we will be able to give our version to (Lagarde).

According to the Pakistani Information Minister, Pakistan could agree to almost any bailout package to get rescued by the IMF. However, should the International Monetary Fund agree to a bailout, it would be second economic rescue for Pakistan since 2013.