IMF stands ready to support Pakistan in the wake of Covid-19 crisis: Gerry Rice

MG News | May 07, 2021 at 01:02 PM GMT+05:00

0:00

May 7, 2021 (MLN): International Monetary Fund (IMF) is ready to support Pakistan to navigate the difficult situation that the country is facing with the Covid-19 crisis, Director IMF Communication Department, Gerry Rice said on Thursday.

While addressing a virtual press briefing, Gerry Rice reiterated that the IMF wants to help Pakistan in the wake of the Covid-19 shock to ensure the objective of debt sustainability with strong and sustainable growth.

He stated that a month ago IMF Executive Board had completed the pending reviews of the financing arrangement we have with Pakistan and based on reviews, the decision by the IMF Board at that time allowed for an immediate disbursement of about $500 million, which brought total disbursements to Pakistan of about $2 billion. The decision by our Board at that time allowed for an immediate disbursement of about $500 million, which brought total disbursements to Pakistan of about $2 billion.

“We are looking forward to continue discussions with the Pakistani government when the time comes for the sixth review,” Gerry Rice said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%