IMF Quota

Cash-strapped Sri Lanka plunged into its worst financial crisis in more than seven decades in 2022 with a severe dollar shortage sending inflation soaring to 70 per cent, its currency to record lows

The International Monetary Fund will dispatch a review mission to Pakistan earlier than scheduled to assess its progress under the USD 7 billion bailout package agreed upon last month as the cash-strapped nation strives to meet its budget targets and address economic challenges. The IMF team is expected to arrive next week, four months ahead of its planned visit, apparently due to concerns over the implementation of the agreed-upon reforms between the two sides and assess Pakistan's eligibility for the next tranche of the bailout package. According to a report published in The Express Tribune newspaper on Wednesday, the IMF mission's early arrival underscores the importance of the programme for the IMF management and board members, while providing an opportunity to reassess targets that, according to Pakistani authorities, may have already become irrelevant one month after the loan's approval. Quoting diplomatic and government sources, the paper reported that IMF Pakistan Mission ..

The meeting took place ahead of the upcoming Spring Meetings of IMF in Washington DC

Jaitley said the risks to global financial and economic stability have significant implications for IMF's operations