Discussion on Pak bailout application to begin on Wednesday: IMF

Press Trust of India  |  Washington 

The discussion on Pakistan's multibillion dollar application would begin on Wednesday, the has said.

"We expect those discussions to begin on November the 7th. An IMF staff mission will go to and initiate discussions with the authorities," IMF told reporters.

"The objectives of that program is to help stabilise the economy, put in place the preconditions for sustained inclusive growth," Rice said, adding that the modalities of that would be announced once the IMF and have reached a staff-level agreement.

Once it is reached, Rice elaborated that they would go forward to for the formal approval of the program.

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First Published: Fri, November 02 2018. 07:20 IST