Posted 3/17/2024, 6:13:00 AM
Pakistan to Seek Over $8 Billion IMF Bailout in April Amid Economic Struggles
- Pakistan to request fresh IMF bailout package of over $8 billion in April during IMF/World Bank spring meetings
- Seeking longer and larger Extended Fund Facility (EFF) program
- May request enhanced quota like in 2008 when it got 700% of quota
- Could augment EFF through climate finance as Pakistan qualifies due to climate issues
- Also exploring possibility of IMF's Resilience and Sustainability Facility (RSF) for affordable long-term financing
