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IMF confirms $500m for Pakistan, 10th tranche

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ISLAMABAD: On Saturday, International Monetary Fund (IMF) has confirmed the 10th tranche for Pakistan under the Extended Fund Facility of about five hundred million dollars, Radio Pakistan reported.

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IMF Executive Board has approved the tranche and also completed the ninth review of economic performance under a three-year program.

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The statement issued by IMF said, “Economic growth remains robust and near-term vulnerabilities have receded. The Pakistani authorities have take corrective measures to foster the achievement of program objectives. Prudent macroeconomic policies and sustained implementation of the reform agenda are important to reinforce gains in economic stability and generate a strong and sustainable growth.

According to press release, by disbursement of an amount about US$498.1million, the total amount of loan worth US$ 4.98billion has been issued to Pakistan.

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