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IMF

IMF to Meet on Dec 19 for Approval of $453m to Pakistan

WASHINGTON – The International Monetary Fund (IMF) will hold its next board meeting in Washington on December 19 for approval of the disbursement of second tranche of about $453 million to Pakistan under the $6 billion Extended Fund Facility (EFF) finalized in May this year.
According to the IMF’s website, the board will review Pakistan’s economic growth.
After Pakistan and the staff mission of the IMF had held policy level talks for disbursement of the second tranche of the amount from October 28 to November 8, the mission had given a positive review about Pakistan’s economic performance.
The IMF had held meetings with Pakistani Federal Bureau of Revenue (FBR) Chairman Shabbar Zaidi and Advisor to the Pakistani Prime Minister on Finance Abdul Hafeez Sheikh.
(Sahar News Monitoring Desk)

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