Finance minister to hold crucial talks with IMF in USA | GNN HD News GNN - Pakistan's Largest News Portal

Finance minister to hold crucial talks with IMF in USA

Finance minister to hold crucial talks with IMF in USA
Islamabad: Finance Minister Asad Umar on Tuesday left for USA to attend spring meeting of International Monetary Fund (IMF), reported GNN.

As per details garnered, Umar will also hold meeting with officials of IMF and World Bank (WB).

In October 2018, Islamabad had formally requested the international body for a bailout package. Since then, both sides have held series of high-level meetings.

In February 2019, IMF Managing Director Christine Lagarde held 'constructive talks' with Prime Minister (PM) Imran Khan in Dubai.

The incumbent government has taken several measures to curb once widening trade deficit, rising imports whereas it has also taken loans from friendly countries—China, Saudi Arabia and UAE—to address its economic woes.

On the other hand, WB—in its latest report—has decelerated Pakistan’s GDP growth rate to 2.7 for the Fiscal Year 2019-20.