IMF Executive Board Approves US$1.05 Billion Disbursement for Pakistan
The Executive Board of the International Monetary Fund (IMF) today completed reviews of Pakistan’s economic performance and will release SDR 720 million (about US$1.05 billion) to the country, bringing total disbursements under the arrangement to SDR 2.2 billion (about US$3.2 billion).
The Executive Board also approved the authorities’ request for waivers of non-observance of performance criteria on the basis of the corrective measures taken.
The Executive Board approved on September 4, 2013 the EFF for Pakistan in the amount of SDR 4.393 billion (about US$6.44 billion, or 425 percent of Pakistan’s quota at the IMF) (see Press Release No. 13/322).
Full Press Release is found at http://www.imf.org/external/np/sec/pr/2014/pr14583.htm