Pakistan’s finance minister told Reuters that the country is formally requesting $1 billion in assistance from the IMF facility that assists low- and middle-income nations in managing external shocks.
Speaking on the margins of the IMF/World Bank autumn meetings in Washington, Finance Minister Muhammad Aurangzeb declared, “We have formally requested to be considered for this facility.”
Pakistan received a bailout from the International Monetary Fund last month, but it still has more money available through its Resilience and Sustainability Trust (RST).
Additionally, the nation is negotiating a credit enhancement for a proposed Panda bond, which would have an initial issue of $200–250 million, with the Asian Infrastructure Investment Bank.
