Pakistan is set to access financing worth around $1.21 billion after reaching a significant staff-level agreement with the International Monetary Fund (IMF) on two ongoing support facility reviews.
This was announced by Pakistan’s Ministry of Finance in a post on its X social media handle today.
The accord covers the Third Review for the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the Second Review for the 28-month Arrangement under the Resilience and Sustainability Facility (RSF).
This breakthrough will pave the way for Pakistan”s access to about one billion dollars from the EFF and an additional 210 million dollars under the RSF.
Upon approval, this latest tranche will bring the total disbursements to the nation under the two arrangements to approximately 4.5 billion dollars.