ISLAMABAD:The International Monetary Fund (IMF) approved a fresh disbursement of around USD 1.2 billion to Pakistan under a bilateral arrangement, highlighting the country “maintained stability” despite the devastating floods.
The IMF Executive Board granted approval under a dual-track bailout, the 37-month Extended Fund Facility (EFF) and the climate-focused Resilience Sustainability Facility (RSF), on Monday in a meeting held in Washington, Dawn reported on Tuesday.
Cash-strapped Pakistan is currently in 24th IMF programme agreed last year to provide it USD 7 billion dollars over a period of 39 months.