Posted 3/22/2024, 12:03:30 PM
Pakistan to Request Extended IMF Bailout to Address Economic Crisis
- Pakistan to discuss Extended Fund Facility (EFF) with IMF next month to help alleviate economic crisis
- Current $3 billion IMF arrangement expires April 11; final $1.1 billion tranche approved this week
- Seeking EFF instead of standby loan; amount not yet clear but IMF "very receptive"
- Pakistan also plans to sell Panda bonds in China and other international bonds once credit rating improves
- Bonds aimed to help stabilize economy along with expected IMF bailout package
