Pakistan likely to get $700m tranche as IMF board meets on Jan 11
Pakistan
Pakistan reached a staff-level agreement with the IMF on Nov 15 under the $3 billion SBA programme
ISLAMABAD (Dunya News) – The International Monetary Fund (IMF) will review Pakistan’s economic situation in meeting of its executive board on January 11 to approve $700 million tranche.
Pakistan reached a staff-level agreement with the IMF on November 15 under the $3 billion SBA programmes and is awaiting the board’s approval to receive a second tranche.
Pakistan has already received $1.2 billion from the SBA loan programme.
It may be recalled that the schedule issued by IMF for executive board’s Dec 1 to 15 meeting, Pakistan’s review was not on the agenda.
The ongoing SBA programme will expire on April 14, 2024.
