The International Monetary Fund (IMF) said on Friday it had reached a staff-level agreement with Pakistan on the third review of its Extended Fund Facility and the second review of its Resilience and Sustainability Facility (RSF), with the country receiving a disbursement of about $1.2 billion.
A statement issued by the IMF said that the agreement was reached on the third review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the second review of the 28-month arrangement under the RSF.
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The staff-level agreement is subject to approval by the IMF Executive Board.
Upon approval, the global lender said, Pakistan will have access to about $1.0 billion under the EFF and about $210 million under the RSF, bringing total disbursements under the two arrangements to about $4.5 billion.
