IMF never raised concerns over usage of funds: Finance Division

MG News | May 21, 2023 at 05:23 PM GMT+05:00

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May 21, 2022 (MLN): The Finance Division on Saturday rebutted reports claiming that the delay in the IMF tranche is due to the fund's demand for seeking assurance from the Ministry of Finance that the funds will not be utilized for political purposes.

"Certain sections of the national press have reported the delay in signing the IMF’s agreement because the IMF wants assurance from the Ministry of Finance that the funds will not be utilized for political purposes," the notification read.

It is clarified that this news is false and unfounded as IMF has never raised any such concern with the government nor any funds can be utilized for any purpose without the approval of the Parliament through the budget, it added.

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