Pakistan seeks IMF programs to unlock World Bank loans while the World Bank examines the NFC Award for financial viability.
3 reports, 3 independent
Updated Jul 5
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What happened
Pakistan seeks IMF programs to unlock World Bank loans while the World Bank examines the NFC Award for financial viability.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.World Bank highlights spending inequalities concerning financial viability issues in Pakistan.1 source
Pakistan seeks IMF aid to unlock World Bank funds and the WB examines NFC Award viability.1 source
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Part of
Pakistan is facing severe economic challenges, requiring bailouts from the IMF and relying on World Bank data and financing from Saudi Arabia.Also in this story
- Government plans to restructure Pakistan's gas sector, with the World Bank reviewing the reform plan and potential financing.
- The economic challenges facing Pakistan are being exacerbated by the IMF approval process, which now hinges on finding alternative revenue sources.
The entities involved
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Pakistan
sovereign state in South Asia
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World Bank
international financial institution
Related events
- Increased financial exposure is needed to support Pakistan's IMF program, which requires assurances from various international partners, including Saudi Arabia and the UAE.
- The Finance Division manages the IMF program in Pakistan, which involves the State Bank of Pakistan.
- IMF provided resilience financing to Pakistan, with the Middle East region of focus.
- Pakistan informed the International Monetary Fund about its revenue target.
- 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.