IMF mission to arrive in coming weeks for bailout talks

IMF Managing Director Christine Lagarde has announced that she will send a mission to Pakistan for bailout negotiations amid emphasis on full disclosure of the debt that Pakistan has acquired, including from China. The IMF issued a statement after Lagarde met with Finance Minister Asad Umar on the sidelines of IMF-World Bank annual meetings in Indonesia. During the meeting, financial assistance was requested from the IMF to help address Pakistan’s economic challenges. Both Pakistan and the IMF have already covered significant ground during staff-level visit of an IMF team to Pakistan. However, some thorny issues remain to be addressed, including the extent of new measures and disclosure of details of CPEC projects.