IMF approves $700 million loan tranche for Pakistan

The Executive Board of the International Monetary Fund (IMF) on Thursday completed the 1st review and allowed for an immediate disbursement of SDR 528 million (around US$ 700 million) to Pakistan, bringing the total disbursements under the SBA to US$ 1.9 billion.

Taking to the microblogging site X, formerly known as Twitter, Pakistan’s Ministry of Finance said, “The Executive Board of IMF completed the 1st review of Pakistan’s economic reform program supported by IMF’s Stand By Arrangement (SBA) today.”

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