IMF and Pakistan reached a staff-level agreement on a three billion stand-by arrangement today (Friday, June 30).
According to the media reports, this was stated by the International Monetary Fund in a press release. The press release said that IMF has reached a staff-level agreement with Pakistan on a three billion stand-by arrangement.
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The press release issued by IMF further stated that the staff-level agreement is subject to approval by the IMF Executive Board, with its consideration expected by mid-July.
The new SBA will support the authorities’ immediate efforts to stabilize the economy from recent external shocks, preserve macroeconomic stability and provide a framework for financing from multilateral and bilateral partners.
