Jakarta (Agencies): Chief of International Monetary Fund (IMF) Christine Lagarde said that she will discuss matters with the Pakistani delegation on Thursday.
Lagarde said that Islamabad is expected to request a bailout for the country’s economic crisis.
Finance minister Asad Umar, who will be attending the IMF’s annual meeting in Bali, announced that the government will be seeking talks with the fund this week on a “stabilization recovery program”.
Christine Lagarde also said the IMF has yet been able to receive anything formal from Islamabad, however she will still go meet up with the Pakistani delegations, along with other IMF officials on Thursday afternoon.
“I’m assuming that there might be a program request on their part, but that has not been discussed and we will explore that this afternoon,” she said.
PM Imran Khan on Wednesday vowed to eliminate the economic crisis out of the country, and said it only needs $10-12 billion to fix it.
“We will get out of this. I will take (the country) out of this,” he said.
PTI’s new government took control of the office in August, and vowed to decide whether to seek an IMF bailout as tried to find other sources of financing the country.
Pakistan has been seeking IMF bailouts several times since the late 1980s. The recent one being in 2013, when Islamabad took a $6.6 billion loan to tackle a similar crisis.
