ISLAMABAD: The final decision of the International Monetary Fund’s Executive Board on the staff-level agreement with Pakistan can take between three to six weeks. This was stated by Gerry Rice, Director of Communication IMF while addressing a press briefing.
Responding to a question on the Board meeting on Pakistan, Rice said that the Board meeting can follow - any time between three, six weeks, within that period could be slightly earlier, could be slightly later, could fall within that, but that is roughly the ballpark between the staff-level agreement and then the final agreement, which comes from the Board.
He further said that the IMF and Pakistani authorities have reached the staff level agreement. “It is an agreement on a combined seventh and eighth review of the programme that we do have with Pakistan that will translate into about $1.17 million being disbursed to Pakistan,” said Rice, adding that this brings total disbursements from the IMF to Pakistan under the ongoing programme to well over $4 billion, about $4.2 billion.
Copyright Business Recorder, 2022