The International Monetary Fund (IMF) has dismissed India’s request to halt Pakistan’s financial aid, confirming that the scheduled Executive Board meeting on May 9 will proceed as planned.
The meeting will consider Pakistan’s financial assistance requests, including a significant $2.3 billion aid package.
Mahir Benisi, an IMF representative, clarified that the meeting would take place on May 9 without delay, and Pakistan’s request for assistance will be discussed. When asked about India’s objections, Benisi emphasized that the IMF could not comment on the concerns of other countries.
Pakistan’s Ministry of Finance officials have expressed confidence that the country will receive crucial financial support during this meeting. They expect approval for the $1.3 billion Resilience and Sustainability Facility (RSF) program, aimed at addressing climate change challenges, alongside a crucial addition of $1 billion to the ongoing $7 billion Extended Fund Facility (EFF) program. These funds are expected to be disbursed in installments over 28 months.
