US EditionPakistan and IMF reach preliminary deal to release $1.1 billion from bailout fund, IMF says
- The IMF and Pakistani authorities have agreed on a stabilisation programme review, with approval pending before April 11.
- Disbursement of funds by the IMF is contingent on approval by the executive board.
- The announcement follows five days of talks between the IMF and the newly elected Pakistani government.
32 Articles
32 Articles
Deutsche Welle
IMF initially agrees to disburse $1.1 billion to Pakistan
The sum is the final tranche of a $3 billion rescue-package Islamabad had secured last summer. The newly-elected administration of the South Asian cash-strapped country is already seeking another IMF loan.
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 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 …
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 …
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