ISLAMABAD, Mar 28 (APP): The staff-level agreement with International Monetary Fund (IMF) reflects recognition of Pakistan’s reform efforts and improving macroeconomic stability, Advisor to Finance Minister, Khurram Schehzad said here on Saturday.
“Positive momentum continues, with focus on sustaining gains,” the advisor posted on his social media account, X.
He said, Pakistan would to receive about $1.2 billion tranche after IMF Board approval including $1.0 billion under Extended Fund Facility (EFF) and $210 million under Resilience and Sustainability Facility (RSF)
With this, the total IMF disbursements to Pakistan is to reach around $4.5 billion, he added.
Earlier, the International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the third review under Pakistan’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF) under which Pakistan would have access to around $1.2 billion.
“The IMF team has reached a staff-level agreement with the Pakistani authorities on the third review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the second review of the 28-month arrangement under the Resilience and Sustainability Facility (RSF).”
