New Delhi, May 2 (PTI) India is asking global multilateral agencies including IMF, to relate the funds and loans provided to Pakistan, as New Delhi last month tried to corner the neighboring state diplomators after a drug -dacoiting terrorist attack in Pahgam last month, who killed 26 tourists.
“We are asking all multilateral agencies to review loans and support to Pakistan,” the government source said.
The IMF is going to meet Pakistan officials on 9 May and request a system under flexibility and stability facility for the first review of the expanded funding facility to the Executive Board.
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The IMF Board will evaluate the fresh USD 1.3 billion system for Pakistan under its climate flexibility loan program. It will also assess an ongoing USD 7 billion bailout package.
As of December 31, 2024, the Asian Development Bank (ADB) has provided a total of 764 public sector loans, grants and technical assistance to Pakistan worth USD 43.4 billion. The current sovereign portfolio of ADB in Pakistan includes 53 loans and 3 grants of USD 3.13 billion.
The ADB took a loan of USD 320 million for the Khyber Pakhtunkhwa Rural Rhodes Development Project to upgrade around 900 km of flood-redundant rural roads in the province.
In January 2025, the World Bank approved 20 billion USD lending package for Pakistan for Cash-Stapped country to overcome its challenges. Pti jd dp jd anu au
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