Pakistan gets $500m as IMF program resumes ...palestine

Pakistan is set to receive another $500 million from the International Monetary Fund as part of the $6 billion bailout package it signed in July 2019, the Washington-based lender said on Wednesday. “The IMF Executive Board completed today the combined second through fifth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan,” the IMF said. The third and latest tranche of the program brings the total borrowing for budget support to $2 billion, it said. Islamabad had signed the 39-month EFF or bailout program with the IMF to avert a sovereign default because of a balance of payment crisis. The program will cost Pakistan $180 million in interest paym

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Last updated : 25 March 2021 clock 09:33 AM

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Pakistan gets $500m as IMF program resumes ...palestine

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