IMF Reaches Pakistan Deal for 1.2 Billion
The IMF reached a staff-level agreement with Pakistan that could unlock 1.21 billion dollars in financing pending board approval. The funds include support from the Extended Fund Facility and a climate resilience program.
The International Monetary Fund reached a staff-level agreement with Pakistan on Wednesday, unlocking $1.2B in financing pending board approval. The package aims to bolster foreign exchange reserves and meet debt repayments following reviews of ongoing lending programs. Total disbursements across the two targeted programs will reach $5.7B once finalized.
