Christopher Dielmann Director, Macroeconomic & Sovereign Research
Stuart Culverhouse Head of Sovereign & Fixed Income Research
Hasnain Malik Strategy & Head of Equity Research
July 04 2019
Pakistan: IMF programme approved; delivering fiscal reform will be key
The IMF’s Executive Board yesterday approved a 39-month extended fund facility (EFF) for Pakistan of cUS$6bn (210% of quota). The approval allowed an immediate disbursement of cUS$1bn. This follows the staff-level agreement on a programme on 12 May.
The EFF will support the authorities’ strategy to reduce economic vulnerabilities and generate sustainable and balanced growth through...
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