IMF's Executive Board approves $1.32bn financing for Pakistan

IMF Releases $1.3 Billion to Pakistan

The International Monetary Fund (IMF) approved the disbursement of $1.32 billion to Pakistan under existing financing programs, reinforcing the country’s efforts to stabilize its economy amid global shocks and persistent energy-sector pressures.

IMF board approves $1.32 billion tranche for Pakistan

ISLAMABAD: The Executive Board of International Monetary Fund (IMF) has approved $1.32 billion financing for Pakistan under its under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programmes. “The IMF Executive Board completed the third review of the Extended Arrangement under the Extended Fund Facility (EFF) and the second review of the arrangement under the Resilience and Sustainability Facility (RSF), allow…

IMF's Executive Board approves $1.32bn financing for Pakistan

ISLAMABAD: The International Monetary Fund (IMF) Executive Board on Friday approved Pakistan’s third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), allowing access to approximately USD1.32 billion. The approval was given at a meeting of the IMF Executive Board held in Washington, DC on Friday. This decision allows for an immediate disbursement of around $1.1 billion (SD…