The IMF has approved the release of about $1.32 billion to Pakistan under its ongoing financial assistance programme despite Indian representatives raising objections citing terror funding concerns. The approval came after the IMF Executive Board completed the first review of Pakistan’s economic reform programme under the Extended Fund Facility
The International Monetary Fund (IMF) has approved the release of about $1.32 billion to Pakistan under its ongoing financial assistance programme.
The approval came after the IMF Executive Board completed the first review of Pakistan’s economic reform programme under the Extended Fund Facility (EFF), Reuters reported.
With this latest approval, the total amount disbursed to Pakistan under the programme has increased significantly.
According to the report, Pakistan will be able to get about $1.1 billion under the Extended Fund Facility and about $220 million under the Resilience and Sustainability Facility.
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