Talks on first review of $7bn loan programme with IMF conclude
- IMF staff to finalise its recommendations for Executive Board’s review, according to sources
ISLAMABAD: The International Monetary Fund (IMF) mission and Pakistani authorities on Friday concluded talks on the first review of the $ 7 billion Extended Fund Facility (EFF) programme.
Following the completion of the ongoing discussions, the IMF staff will finalize its recommendations for the Executive Board’s review, a prerequisite for Board approval for the release of the one billion dollar tranche.
The nine-member IMF mission led by Nathan Porter reached Pakistan on March 3 and was scheduled to stay for around two weeks.
Talks begin on first review of EFF program
According to sources within the Ministry of Finance, Pakistan had requested a loan of $2 billion from the IMF, which included the disbursement of the $1 billion tranche under the EFF and an additional $1 billion in climate financing.
The sources further said that approval for both the loan tranche and climate financing would be considered by the Executive Board.
Copyright Business Recorder, 2025
Comments
Comments are closed for this article.