Islamabad, March 28 -- The International Monetary Fund (IMF) on Saturday said it had reached a staff-level agreement with Pakistan on the third review of its Extended Fund Facility (EFF) and the second review of its Resilience and Sustainability Facility (RSF), paving the way for disbursements of the fourth tranche of its remaining USD 1.2bn loan under the USD 7b package, subject to board approval.
Once cleared by the IMF Executive Board, Pakistan will gain access to around USD1.0bn under the EFF and USD 210m under the RSF, bringing total disbursements under both programmes to approximately USD 4.5bn.
In a statement, the global money lender said that as per the reforms under its programme, the Fund had helped Pakistan stabilise its volati...