IMF executive board to meet on May 8 to approve disbursement of over $1.2bn to Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has called a meeting of its executive board on May 8 to approve the disbursement of more than $1.2 billion to Pakistan under two concurrent programmes — $7bn Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), IMF officials confirmed to Dawn.

Pakistan has qualified for the disbursement of about $1bn after the successful third review of EFF and $210 million under the second review of RSF.

The IMF announced on March 27 that it had reached a staff-level agreement for the disbursement of about $1.2bn on the successful conclusion of the third review under EFF and the second review under RSF.

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