Sixth review to be presented to IMF board on January 12: finance ministry

Pakistan, IMF reach staff-level agreement

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International money lenders revealed on Monday that Pakistan and the International Monetary Fund (IMF) have reached a staff agreement.

“The agreement is subject to approval by the Executive Board, following the implementation of prior actions, notably on fiscal and institutional reforms,” reads a statement by the IMF. 

“Completion of the review would make available SDR 750 million (about US$1,059 million), bringing total disbursements under the EFF to about US$3,027 million and helping unlock significant funding from bilateral and multilateral partners.”

The IMF recognised that “despite a difficult environment”, Pakistan continues to make progress on implementing the Extended Fund Facility programme. 

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