Indeed, the IMF did the unusual thing of providing emergency Covid-19 financing in the amount of $1.4 billion in April. Technical discussions with the IMF have continued all this while to bring back the second review. While the Adviser expects the visit of the IMF technical team any time, the IMF itself has described the discussion as “fluid” and the meeting, if any, has to be virtual as per SOPs. In the present setting, the net result of any move forward will be to scuttle economic revival being claimed from the rooftops. This will drown under the wave of energy reform prescribed by the IMF to deal with the circular debt.

Source: The Express Tribune November 20, 2020 04:52 UTC