IMF Flags Few More Hurdles for Pakistan to Secure Bailout
- Lender seeks financing commitments, details on fuel discount
- New fuel subsidy can further delay loan program: analyst
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The International Monetary Fund said Pakistan has a few more tasks before it can unlock a $6.5 billion loan to avoid a default, putting pressure on the government to secure assurances from countries that have promised financing support.
Pakistan is now the only South Asian country that’s yet to secure a bailout from the multilateral lender as Sri Lanka clinched financing this week and Bangladesh pushes on with carrying out IMF-mandated reforms.