Following the establishment of federal and provincial governments, which may occur by the end of this month or early in the following month, negotiations with the International Monetary Fund (IMF) to receive the third and final tranche of approximately $1.1 billion will begin.
We were informed by sources that the lender would rather wait to negotiate till the next elected government is in place rather than engage with the caretaker government on this issue.
In general, the sources from the Finance Ministry stated that the interim administration has successfully fulfilled all of the IMF’s objectives and established a positive example for the upcoming administration.
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They claimed that if the caretaker government performs well, negotiations for the incoming administration will go more smoothly.
The sources went on to say that new negotiations with the IMF are expected to start in early March or at any point this month.
The $3 billion bailout is set to expire in April, and the completion of the mission is considered essential to avoiding default on foreign debt obligations.
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