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IMF approves $500 million disbursement to Pakistan


Komal FatimaWeb Editor

25th Mar, 2021. 10:13 am
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IMF Pakistan
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The International Monetary Fund (IMF) has approved a 500 million dollar disbursement to Pakistan.

As per the details, IMF Deputy Managing Director Antoinette Sayeh mentioned in a statement that  the latest payment brought total disbursements under the Extended Fund Facility to 2 billion dollars since the program was first approved in July 2019.

She stated that Pakistani authorities have continued to make satisfactory progress under the program.

Pakistan Reaches Staff-Level Agreement With IMF

Earlier in February, an agreement was reached between the International Monetary Fund (IMF) and Pakistan which has paved the way for the release of a $500 million instalment to Pakistan.

Pakistan had assured of a structural reform program after which Pakistan’s debt program has been restored.

 

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