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Significance
The IMF reached a staff-level agreement on the deal with the authorities in July. In April, Pakistan received the final tranche of a nine-month, roughly USD3bn Stand-By Arrangement (SBA) loan from the IMF that helped avert the risk of a sovereign debt default.
Impacts
Pakistan will likely find it difficult to avoid a delay in the disbursement of bailout funds during at least some of the programme reviews.
The China-Pakistan Economic Corridor will continue to be a key focus of the Islamabad-Beijing partnership.
Failure to ease economic hardship among the population would prompt an increase in anti-government sentiment.
Keywords:
economy,
international relations,
politics,
debt,
energy,
exchange rate,
finance,
fiscal,
food,
government,
growth,
monetary,
policy,
prices,
public sector,
talks,
climate,
equities,
investment,
Pakistan,
AP,
IMF-World Bank,
China,
Saudi Arabia,
United Arab Emirates
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2024
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