IMF and Pakistan reach staff level agreement (7th & 8th Review)

  • Post author:
  • Post category:News Update
  • Reading time:1 mins read

A press release of IMF on July 13, 2022, confirmed that the IMF staff and Pakistani authorities have reached a staff-level agreement on the combined seventh and eighth of IMF Extended Fund Facility (EFF) program, enabling the disbursement of SDR 894mn (USD 1,177mn) subject to the approval of the IMF’s Executive Board.

With this tranche, the total disbursements under the EFF will reach USD 4.2bn. In addition to this, the IMF Board is likely to consider an extension of the EFF until end-June 2023 and increase the total facility by SDR 720mn taking the total under the EFF to about USD 7bn from initially approved USD 6bn.

Courtesy- AHL Research

Sharing is caring

Leave a Reply