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Bond Market News
Pakistan’s Bonds Trend Higher as it Seeks Size and Tenor Increase of IMF Program
April 28, 2022
Pakistan’s dollar bonds have trended higher after it sought to increase the size of its IMF loan program alongside the extension of the program by a year. The exact details will be decided when the IMF team comes to Pakistan in May. The discussions concern the $6bn of support the IMF agreed to extend to Pakistan in 2019. But the transfer of funds by the IMF slowed down due to concerns over monetary policy and fiscal tightening measures. If the IMF review is cleared, Pakistan will get more than $900mn in funding.
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