IMF, Pakistan reach agreement on final review

On March 19, IMF staff and the Pakistani authorities reached staff level agreement on the second and final review under Pakistan’s Stand-By Arrangement, SBA.

The approval will be subject to the IMF’s Executive Board.

After Pakistan will get $1.1 billion

Total disbursement will reach $3 billion.

Imf board meeting to take place in late April.

The agreement recognizes strong program implementation by the State bank of Pakistan and the caretaker government

new government shows intentions for ongoing policy and reform efforts to move Pakistan from stabilization to a strong and sustainable recovery.

Pakistan’s economic and financial improvement has improved in the months since the first review was completed.

Growth and confidence are continuing to recover.

next weeks as part of our World Economic Outlook, our latest growth forecasts for Pakistan.

The authorities have expressed interest in a successor IMF supported program with the aim of resolving Pakistan’s fiscal and external stability challenges

IMF stand ready to engage in program discussions in the coming months.