Weekly Current Affairs

IMF to disburse $102 million to Pakistan [IR, Economy]

  • The International Monetary Fund (IMF) Executive Board completed the twelfth and final review of Pakistan’s three-year economic reform program supported by an Extended Fund Facility (EFF) arrangement.
  • Board’s decision enables immediate disbursement of final tranche in amount equivalent to the SDR 73 million in the IMF currency or about $102.1 million.
  • India’s IMF Executive Director also represents Bangladesh, Bhutan and Nepal but not Pakistan, which is in the group that has Iran and other countries.