IMF, World Bank & IFI Round-Up

Pakistan is to ask for an additional loan of USD 4.5 billion from the International Monetary Fund (IMF) to patch up an economy wilting under a widening trade deficit, an official said Feb. 17. The request will be on top of a USD 7.6 billion advance already agreed with the IMF, and comes as Pakistani officials meet creditors to review how the cash is being spent. At the talks in Dubai, which are due to last until February 26, Pakistani and IMF officials will assess financial targets set for the country to qualify for the second installment of the loan, a finance ministry official said.

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