Pakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says

Pakistan, IMF reach staff-level agreement for $1.1 billion disbursement - La Prensa Latina Media

Islamabad, Mar 20 (EFE).- Pakistan and the International Monetary Fund (IMF) reached a staff-level agreement under which, if approved, the debt-ridden South Asian economy will get a disbursement of $1.1 billion, the global lender said Wednesday. Last week, the Pakistani finance ministry had said that a team from the IMF was visiting Islamabad, for the second and final review of a stand-by arrangement (SBA) with talks scheduled to be held from Ma…

IMF reaches staff-level agreement with Pakistan to disburse $1.1bn

Pakistan and the International Monetary Fund on Wednesday reached a staff-level agreement which, if approved by its board, will disburse $1.1bn (R20.8bn) for the debt-ridden South Asian economy, the global lender said.

IMF, Pakistan Strike Preliminary Deal for Final Bailout Payment

ISLAMABAD — The International Monetary Fund said Wednesday it had reached a preliminary agreement with Pakistan’s newly elected government for the last payment under a $3 billion bailout package. The global lender made the announcement at the conclusion of nearly weeklong discussions with officials in Islamabad aimed at reviewing the 9-month stand-by arrangement (SBA), which was secured last year to avert a sovereign debt default. “The IMF team …

Pakistan, IMF reach staff-level agreement on final review of USD 3 billion bailout

Pakistan, IMF reach staff-level agreement on final review of USD 3 billion bailout The International Monetary Fund (IMF) reached a staff-level agreement with Pakistan on Wednesday, on the final review of a USD 3 billion bailout, paving the way for the nation to receive the last tranche of USD 1.1 billion after approval from the Fund's Executive Board, reported Dawn. The funds are the final tranche of a USD 3 billion last-gasp rescue package tha…

Pakistan, IMF Reach Provisional Agreement On Release Of $1.1 Billion Tranche

The International Monetary Fund (IMF) and Pakistani authorities reached initial agreement on March 20 for the release of some $1.1 billion from a $3 billion bailout package after negotiations in Islamabad, the IMF said.

Pakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says

By MUNIR AHMED Associated Press ISLAMABAD (AP) — Pakistan and the International Monetary Fund have reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad. Officials said Pakistan will receive the final tranche from the bailout that was approved by the IMF in July to save the nation from defaulting on its debt repayments. An IMF statement on Wednesday said it “has reached a …