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WASHINGTON: The International Monetary Fund’s (IMF) Executive Board on Friday approved the latest review of Pakistan’s reform programme, paving the way for the release of $1.32 billion in financing under the ongoing arrangements.
In Islamabad, Finance Minister Muhammad Aurangzeb also confirmed the approval, saying the decision reflects Pakistan’s continued progress on difficult but necessary economic reforms.
The approval was given at a meeting of the IMF Executive Board in Washington, DC, reflecting its continued support for Pakistan’s ongoing economic reform programme.
The approval allows Pakistan to draw about $1.1 billion under the EFF and about $220 million under the RSF, bringing total disbursements under the two arrangements to roughly $4.8 billion.
