KARACHI: An International Monetary Fund (IMF) mission will visit Pakistan on Nov. 2 to discuss the first review of the country’s current $3 billion standby arrangement (SBA), the lender’s resident representative said on Tuesday.
The South Asian nation is trying to navigate a tricky path to economic recovery under a caretaker government in the wake of an IMF loan program, approved in July, that helped avert a sovereign debt default.
Under the program, Pakistan received $1.2 billion from the IMF as the first tranche in July.
“An International Monetary Fund team led by Mr. Nathan Porter will field a mission to Pakistan starting in November 2 on the first review under the current Stand-By Arrangement,” the IMF’s resident representative to Pakistan, Esther Perez Ruiz, told Reuters.
