Islamabad, April 30 -- The International Monetary Fund (IMF) Executive Board will meet with Pakistani authorities on May 9 to discuss the country's staff-level agreement for a new $1.3 billion arrangement under a climate resilience loan programme, along with the first review of Pakistan's ongoing $7billion bailout programme.

According to the global money lender, this will be the first "review under the Extended Arrangement Under the Extended Fund Facility", along with a request for an arrangement under the Resilience and Sustainability Facility (RSF), as reported by Dawn.

In an affirmation of the meeting, Pakistan's Finance Minister Muhammad Aurangzeb during his visit to Washington had also said that he expected the IMF Executive Board to...