Pakistan is seeking to diversify its financing options by purchasing a stake in the New Development Bank and seeking BRICS membership to reduce dependence on the IMF.
1 report, 1 independent
Updated Sep 11
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Pakistan is seeking to diversify its financing options by purchasing a stake in the New Development Bank and seeking BRICS membership to reduce dependence on the IMF.
Who's involved
What this event is mainly aboutKeep exploring
Part of
BRICS, chaired during its 2026 tenure, demanded greater voice and structural reforms within the IMF and World Bank.Also in this story
- BRICS discussions highlighted the limitations of the bloc due to the Iran conflict and compared the size of its bank to the World Bank.
- BRICS calls for major reforms of Western financial institutions, with India acting as a brake on de-dollarization efforts.
- BRICS expands to include Iran and is seeking alternatives to existing global financial institutions.
- While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
The entities involved
-
Pakistan
sovereign state in South Asia
-
BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
Related events
- Pakistan is exploring digital finance opportunities and seeking cooperation on financial innovation with the IMF, IFC, and World Bank Group.
- Pakistan seeks to renegotiate financing terms with the International Islamic Trade Finance Corporation.
- Pakistan seeks financing through World Bank Group guarantees and explores MIGA coverage while discussing economic reforms.
- IMF assesses economic risks and financing needs for Egypt, Pakistan, and Morocco.
- IMF program drives tax system changes in Pakistan, with Jihad Azour advocating for a fairer structure.