Macro Analysis /

Pakistan closes in on IMF Programme after Staff-Level Agreement

  • Pakistan has finally clinched the IMF staff-level agreement, successfully concluding 7th and 8th programme review

  • External funding gap will be filled, contingent on Board approval, as loan extension of USD1bn to USD7bn is also made

  • We expect timely Board approval as most prior actions are bagged, while revised fiscal targets still carry concerns

Wajid Rizvi
Intermarket Securities
14 July 2022


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