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HomeBusinessIMF directors will review Pakistan's loan agreement on January 11

IMF directors will review Pakistan’s loan agreement on January 11

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Bloomberg reported on Friday that the International Monetary Fund’s Executive Board will convene on January 11 to discuss the staff-level agreement on the first review under Pakistan’s Stand-By Arrangement (SBA).

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In November, IMF officials and Pakistani authorities achieved an agreement at the staff level on the first review under Pakistan’s Stand-By Arrangement (SBA). Following approval, Pakistan will have access to SDR 528 million (about $700 million), bringing total program disbursements to nearly $1.9 billion.

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