IMF board approves $1.2 billion disbursement to Pakistan, sources say

IMF board approves $1.2 billion disbursement to Pakistan, sources say
  • Country:
  • United States

​The IMF's ‌executive board on ​Friday voted to ‌approve a staff-level agreement reached with Pakistan last ‌month, paving the way ‌for a disbursement of $1.2 billion in fresh ⁠funds ​to ⁠the South Asia country, ⁠sources familiar with the decision ​said.

The lion's share of ⁠the funds will ⁠come ​from Pakistan's Extended Fund Facility with ⁠the International Monetary Fund, ⁠and separate $210 ⁠million coming from its Resilience and Sustainability ‌Facility.

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