ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif discussed a new loan programme with IMF Managing Director Kristalina Georgieva on Sunday (Apr 28), his office said in a statement.
Sharif and Georgieva met on the sidelines of the World Economic Forum in Riyadh.
Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after a current US$3 billion standby arrangement expires this month.
"Both sides also discussed Pakistan entering into another IMF program to ensure that the gains made in the past year are consolidated and its economic growth trajectory remains positive," Sharif's office said.
The IMF executive board will meet on Monday to discuss the approval of US$1.1 billion of funding for Pakistan, which is the second and last tranche of the standby arrangement.
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif discussed a new loan programme with IMF Managing Director Kristalina Georgieva on Sunday (Apr 28), his office said in a statement.
Sharif and Georgieva met on the sidelines of the World Economic Forum in Riyadh.
Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after a current US$3 billion standby arrangement expires this month.
"Both sides also discussed Pakistan entering into another IMF program to ensure that the gains made in the past year are consolidated and its economic growth trajectory remains positive," Sharif's office said.
The IMF executive board will meet on Monday to discuss the approval of US$1.1 billion of funding for Pakistan, which is the second and last tranche of the standby arrangement.
Islamabad secured the arrangement last summer, helping it to avert a sovereign default.
