Pakistan’s Finance Minister Muhammad Aurangzeb arrived in Washington on Sunday for pivotal discussions with the International Monetary Fund (IMF) and to attend meetings at the World Bank.
Minister Aurangzeb, alongside his delegation, was welcomed by Pakistan’s Ambassador Masood Khan and other embassy officials as they landed in the U.S., amid Islamabad’s push to finalize a new loan agreement by the end of the current fiscal year.
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Scheduled from April 17-19, the IMF meetings will be a focal point for Aurangzeb, with additional related events taking place from April 15-20. His agenda includes bilateral discussions with senior representatives from the IMF and the World Bank, as well as meetings with officials from various global financial institutions.
Additionally, the Pakistani delegation plans to meet with finance ministers from China, Saudi Arabia, the UAE, Turkey, and other allied nations who will be present at the meetings. Discussions with U.S. officials are also anticipated during their stay in Washington.
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Previously, IMF Managing Director Kristalina Georgieva noted the significant challenges facing the South Asian nation, recognizing Pakistan’s pursuit of a new loan program.
Pakistan aims to secure its most substantial loan facility to date and is prepared to engage in detailed program discussions over the next few months. The IMF is also set to complete the disbursement of the final $1.1 billion tranche from the current loan package during these spring meetings.
