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Pakistan's premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default
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In this photo released by Pakistan's Prime Minister Office, Prime Minister Prime Minister Shahbaz Sharif, right, meets with International Monetary Fund's Managing Director Kristalina Georgieva, in Paris, France, Thursday, June 22, 2023. Pakistan’s premier Shahbaz Sharif on Thursday met with the head of the International Monetary Fund in Paris on the sidelines of a global financing meeting, hoping to unlock a $6 billion bailout and gain the release of a critical tranche of $1.1 billion in loans which has been on hold since November. - photo by Prime Minister Office via AP
ISLAMABAD (AP) — Pakistan’s premier Shahbaz Sharif met Thursday with the head of the International Monetary Fund on the sidelines of a global financing meeting in Paris, hoping to unlock a $6 billion bailout and gain the release of a critical tranche of $1.1 billion in loans which has been on hold since November. The meeting between Sharif and IMF’s Managing Director Kristalina Georgieva at the Summit for a New Global Financing Pact comes a week before the $6 billion bailout package originally signed between the IMF and the country’s former Prime Minister Imran Khan in 2019 expires. Sharif replaced Khan in April 2022 after a no-confidence vote in parliament.