Pakistan Says Next IMF Review Delayed by Flood Damage Assessment
- IMF wants Islamabad to quantify flood damage for FY23
- No discord with the IMF team: state finance minister Pasha
Water floods a mill in Sanghar district Pakistan, in September.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
Pakistan’s talks with the International Monetary Fund for loan money are delayed because the country is not yet finished assessing the financial impact of this year’s devastating floods, said junior finance minister Aisha Ghaus Pasha.
The IMF, which had planned discussions with Pakistan for September, now wants the South Asian nation to quantify the damage before moving forward. The multilateral lender is considering releasing another $600 million from a $6 billion loan package to Pakistan.