Financ­e minist­er descri­bes talks with IMF 'constr­uctive'ISLAMABAD: A mission team from the International Monetary Fund (IMF) will travel to Pakistan this month, the IMF said on Monday, amid growing expectation that talks on a long-delayed bailout are due to be wrapped up soon. Pakistan was last year expected to sign up for its 13th IMF bailout programme since the late 1980s but talks ground to a halt, with officials saying the conditions attached to the proposed IMF loans could hurt economic growth. “At the request of the authorities, an IMF mission will be going to Pakistan before the end of April to continue the discussions,” the IMF said in a statement. But analysts have been saying an IMF bailout is inevitable, with Pakistan also facing an increasing fiscal crunch ahead of the annual budget spending review for the next financial year starting July 1. “After today’s IMF statement, the expectation is that the bailout is pretty much there,” said Saad Hashemy, Chief Economist for brokerage house Topline Securities.

Source: The Express Tribune April 15, 2019 13:52 UTC