Pakistan is expected to get $1.2 billion as the International Monetary Fund (IMF) has summoned its board meeting on December 8 (Monday).
According to details surfaced on Thursday, the international lender will approve the $1.2 billion tranche for Pakistan during the meeting. Moreover, the country will also get $200 million under the Resilience and Sustainability Facility (RSF).
Pakistan will also receive $1 billion under the EFF. The government will publish the Governance & Corruption Diagnostic (GCD) Assessment Report ahead of the board meeting. It is pertinent to note that the report is included in the key structural benchmarks of the IMF.
Sources divulged that the Ministry of Finance has addressed the technical differences pertaining to the report.
Pakistan and the IMF had reached the Staff-Level Agreement (SLA) on October 14.
Earlier in October, the second half-yearly economic review between Pakistan and the International Monetary Fund (IMF) ended without agreement.
A joint communiqué on the second half-yearly economic review talks between Pakistan and the IMF has been released. Implementation of the conditions under the loan programme was described as strong. Both sides agreed to continue policy discussions.
Despite progress in discussions, both sides could not reached a staff-level deal. The IMF has once again urged Pakistan to implement further measures, as a staff-level agreement could not be reached between the two sides.
