IMF Deputy Managing Director Antoinette Sayeh told this in a statement saying the latest payment brought total disbursements under the Extended Fund Facility to $2bn since the program was first approved in July 2019.
“This agreement is subject to the approval of the IMF’s Executive Board. The reviews’ completion would release around $500 million,” read the IMF statement.
Both parties reached the staff-level agreement on the second to fifth reviews of the authorities’ reform program supported by the IMF 39-month Extended Fund Facility (EFF) arrangement for the amount of SDR 4,268 million (about US$6 billion).