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Friday June 21, 2024

Pakistan gets $499m IMF tranche

The IMF’s executive board approved second to fifth review under the Extended Fund Facility and 500 million tranche last week. Now the IMF has released the tranche, so Pakistan has received around a total of $2 billion from the bank under the EFF facility.

By Our Correspondent
March 31, 2021

ISLAMABAD: The State Bank of Pakistan (SBP) Tuesday confirmed receiving 499 million dollar tranche from the International Monetary Fund (IMF).

The IMF’s executive board approved second to fifth review under the Extended Fund Facility and 500 million tranche last week. Now the IMF has released the tranche, so Pakistan has received around a total of $2 billion from the bank under the EFF facility.