ISLAMABAD: The International Monetary Fund (IMF) mission will visit Pakistan on November 2, 2023 for the economic review of the $3bn stand-by arrangement (SBA), according to the Resident Representative in Pakistan Esther Pérez Ruiz.
The review is the continuation of the 9-month SBA which was approved in July. Next week’s review of the ongoing programme is expected to provide a forward-facing policy anchor for potentially unlocking the remaining bailout plus addressing external and domestic imbalances and a framework for financial support from multilateral and bilateral partners besides the IMF.
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Notably, the IMF released $1.2bn as a first tranche in July while the remaining quota is in contention for disbursement after the November 2 meeting.
