Asad Umar holds meetings with officials of World Bank, IMF
Washington: Finance Minister Asad Umar along with his delegation onWednesday met with the World Bank Group President David R. Malpass and senior officials of the International Monetray Fund (IMF) to secure a three-year bailout package.
The minister held a meeting with the IMF Executive Director and Deputy Director. In a statement last week, Asad Umar had said that the negotiations 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.