Aug. 29, 2022
By Mathew Carr
WSJ: ISLAMABAD, Pakistan—Pakistan’s government in recent weeks has tied up at least $37 billion in international loans and investments, officials said, pulling the country away from the kind of financial collapse seen in Sri Lanka.
The board of the International Monetary Fund is scheduled to meet Monday to consider a bailout deal worked out between IMF staff and Islamabad, under which the lender will provide $4 billion over the remainder of the current fiscal year, which began July 1.
ISLAMABAD – The executive board of the IMF (International Monetary Fund) will meet [CarrZee: has met?] today (August 29) to consider the loan renewal plan for Pakistan.
The top representatives of cash-strapped Pakistan will meet with the International Monetary Fund (IMF) on Monday to discuss a bailout package as the nation continues to experience many economic difficulties. An IMF source told Pakistan’s media that “the board is likely to approve the disbursement of the 8th and 9th tranche (about USD 1.2 billion) on Monday.” Negative signals will be sent if you don’t, especially during the floods. [CarrZee note: I’m a bit confused why the final sentence is not inside the quote marks. See link and snip below.]
Pakistan floods that have killed 1,000 people ‘may not have reached peak yet’
— Read on news.sky.com/story/pakistan-floods-which-have-killed-1000-people-may-not-have-reached-peak-yet-12684218