Today, the Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA) for Pakistan $3 billion, or 111 percent of quota
Today, the Executive Board of the International Monetary Fund (IMF) approved a 9-month Stand-By Arrangement (SBA) for Pakistan $3 billion, or 111 percent of quota)
The program to support the authorities’ economic stabilization program.
The arrangement comes at a challenging economic juncture for Pakistan.
A difficult external environment, devastating floods, and policy missteps have led to large fiscal and external deficits, rising inflation, and eroded reserve buffers in FY23.
IMF to immediately release $1.2 billion to Pakistan
Remaining amount be released following two quarterly reviews
