Washington: Finance Minister Asad Umar alongwith his delegation on Wednesday met with the World Bank Group President David R. Malpass and senior officials of the International Monetary Fund (IMF) to secure a three-year bailout package.
The FM held a meeting with the IMF Executive Director and Deputy Director. In a statement last week, Asad Umar had said that the discussions between Pakistan and the IMF had reached the final stage.
Separately, the minister also met the US Treasury Secretary Steven Mnuchin. IMF and World Bank loans are usually subject to US approval.
On Tuesday the IMF released a report in which it predicted that Pakistan’s growth would remain 2.5 percent till 2024 unless much needed economic reforms were implemented.