IMF yet to include Pakistan in upcoming executive board meetings

Country’s $7 billion Extended Fund Facility agreement awaits approval

The International Monetary Fund (IMF) has not scheduled Pakistan’s 37-month Extended Fund Facility (EFF) on its executive board meetings agenda for July.

According to the IMF’s website, meetings are set for July 24, 26, 29, and 31, but the $7 billion EFF arrangement for Pakistan is not included in the discussions.

On July 12, Pakistani authorities and the IMF team reached a staff-level agreement on the 37-month EFF, equivalent to about SDR 5,320 million (USD 7 billion). 

This agreement requires approval by the IMF’s Executive Board and confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Pakistan Railways posts record Rs. 93 billion revenue in FY2024–25

Karachi leads both passenger and freight earnings as ministry hails historic performance; income surpasses previous year’s Rs. 88 billion