IMF to meet with Pakistani government, assess billion-dollar bailout eligibility

The International Monetary Fund will conduct key talks with the new Pakistani government this week to determine the nation's eligibility for $1.1 billion in bailout funds.

Pakistan is likely to get the final installment of $1.1 billion from the IMF under the 2023 bailout deal agreed to by both sides last year. It needs the funds to overcome one of the worst economic crises in its history that had raised fears the South Asian Islamic nation could default on the payment of foreign debts.

In a statement, Pakistan's Finance Ministry said Pakistan has complied with all of the IMF’s conditions to receive the much-need final installment of $1.1 billion under the bailout which expires this month.