ISLAMABAD: The International Monetary Fund (IMF) has scheduled a meeting of its executive board on Dec 8 to approve immediate disbursement of $1.2 billion to Pakistan under two concurrent programmes.
Pakistan and the IMF reached a Staff-Level Agreement (SLA) on the second review of the $7bn Extended Fund Facility (EFF) and the first review of the $1.4bn Resilience and Sustainability Fund (RSF) on Oct 14. Under the SLA, Pakistan will receive $1bn in disbursements under the EFF and $200m under the RSF. The $1.2bn disbursement is expected to land in Pakistan’s account on Dec 9, bringing total disbursements under the two arrangements to about $3.3bn.
The executive board would hold two separate meetings on Dec 8 to approve SLAs with Pakistan a
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