IMF

"We all know that this decision is not a just and appropriate decision, but a political decision," he said at a press conference. "It is Europe and the West that finances terrorism and gives it strength and direction. We are the ones who pay the price and struggle of this, but it is Turkey that they blame." Along with Turkey, the FATF also place Mali and Jordan on its increased monitoring list, reports Xinhua news agency.

Pakistan has been battling this stigma by being on the Paris-based FATF's grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018. Pleyer noted that "Pakistan has made significant progress and it has largely addressed 26 out of 27 items on the action plan it first committed to in June 2018."

Tarin, however, left behind Finance Secretary Yousaf Khan to further pursue the talks for the resumption of a $6 billion loan facility that would bring an immediate relief to the cash-starved government by delivering a suspended tranche of $1 billion. Tarin first came to Washington in early October and went to New York on October 15 after a 10-day stay.

The Pakistan government had agreed to formally mention the money laundering documents according to 2019 Pak-IMF deal, which linked IMF tranches directly to the Financial Action Task Force (FATF). Pakistan was given the three month time in June this year to fulfil the remaining conditions by October. The FATF plenary will be held in Paris from October 19-21.

"The global economic recovery continues. But divergences between economies persist, reflecting stark differences in vaccine access and policy support," the International Monetary and Financial Committee (IMFC) said in a communique during the annual meetings of the IMF and the World Bank on Thursday.

"The Executive Board also approved the inclusion of the Kyrgyz Republic and Lesotho among the beneficiary countries, enabling these members to receive relief of their debt service falling due to the Fund through January 10, 2022," the IMF said in a statement.