IMF board okays $700m loan tranche
The Executive Board of the International Monetary Fund (IMF) on Thursday approved the first review of the bailout package for Pakistan, paving the way for the release of $700 million loan tranche ahead of the maturity of a $2 billion lending granted by a Gulf nation.
The immediate handing over of around $700 million brings the total disbursements under the Stand-By Arrangement with the IMF to $1.9 billion, the finance ministry said in a brief statement issued after the board meeting.
Read more: https://tribune.com.pk/story/2452996/imf-board-okays-700m-loan-tranche
