The International Monetary Fund (IMF) demanded that Pakistan increase its loan amount by $2 billion to $8 billion needed to repay its foreign debt. This condition, in turn, is the main condition for further concessional financing of the country. In this respect writer Express Tribune newspaper.
“Pakistan needs significant additional funds. The country’s economy is facing stagflation, it needs huge funds. IMF spokesperson Julie Kozak said the fund could provide Pakistan with a $1.1 billion tranche only after obtaining an $8 billion loan.
According to Ishak Dar, head of Pakistan’s Ministry of Finance, increasing the amount of funding to $8 billion is unacceptable. Previously, all the conditions of the IMF were met, so the country is waiting for a tranche of $ 1.1 billion, but after that, a loan of $ 8 billion can be obtained.
April 12 IMF estimatedThat in 2023 the level of public debt of the Russian Federation will rise to 24.9% of GDP, but in 2028 it will fall to 21.5% of GDP.
Prior to this, the British magazine The Economist wrote that Western creditors of Ukraine recognized the possibility that the country’s authorities could not repay all their debts to the IMF. At the same time, foreign organizations are giving “insufficient” money to Kiev to support the financial and defense sectors of the economy.