An ongoing bailout deal between Pakistan and the International Monetary Fund (IMF) is outdated given a number of global crises, its Foreign Minister Bilawal Bhutto Zardari said on Wednesday.
This deal is a pre-COVID deal. It is a pre-Afghanistan fallout deal. It is a pre-Ukrainian crisis deal.
It is a pre-inflation deal, Bhutto Zardari told Reuters on the sidelines of the World Economic Forum in Davos.
Pakistan entered a three-year, $6 billion IMF deal in 2019, but is struggling to implement tough policy commitments.
Talks are underway in the Qatari capital of Doha to release funds to stabilise Pakistan’s struggling economy.