IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
AI Summary
The IMF has reached a staff-level agreement with Pakistan that could unlock about $1.2 billion, subject to approval by the Fund’s board. The potential financing includes roughly $1 billion through the Extended Fund Facility and $210 million through a climate-focused facility.
If the board approves the deal, Pakistan could access about $1 billion under the Extended Fund Facility (EFF) and $210 million under the climate-focused Resilience and Sustainability Facility