CORPORATE WINDOW: Lenders’ support and resistance

After securing a $4 billion lifeline from friendly Arab countries, the government will be prioritising the revival of the International Monetary Fund (IMF) programme to ensure that other multilateral entities keep the pipeline flowing amid unending political uncertainty. Walking on a tightrope, the multi-party coalition appears to be struggling to take further inflationary measures ahead of looming elections. The $9.7bn aid pledged by multilateral lending agencies and bilateral partners in the Geneva conference is based on need assessments of the $16.3bn finalised and certified by the big four: the Asian Development Bank, the European Union, the United Nations Development Programme, and the World Bank Group to cover Resilient Recovery, Rehabilitation and Reconstruction Framework (4RF) spread over 17 critical sectors. This was concluded with consensus by this group of four and the government based on international best practices in case of similar natural disasters and after considering the economic losses worth $15.3bn and infrastructure damages of $14.9bn.