Pakistan, IMF reach staff-level agreement for $1.2bn tranche
ISLAMABAD: The International Monetary Fund (IMF) on Thursday reached a staff-level agreement (SLA) with Pakistani authorities on the fourth review under the $7 billion Extended Fund Facility (EFF) and the third review under the $1.4bn Resilience and Sustainability Facility (RSF), qualifying Pakistan to draw about $1.2bn from the fund’s resources in four to five weeks. “The IMF team has reached an…
The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement (SLA) regarding the fourth review of the 37-month Extended Fund Facility (EFF) and the third review of the 28-month Resilience and Sustainability Facility (RSF). The agreement allows Pakistan to access approximately $1.2 billion from the IMF's resources within four to five weeks.
The SLA requires approval from the IMF Executive Board. Upon approval, Pakistan would receive about $1 billion (SDR 760 million) under the EFF and around $210 million (SDR 154 million) under the RSF, raising total disbursements under the two arrangements to approximately $5.7 billion.
Written by urgent.news from Dawn - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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