Tuesday, April 16, 2024

Pakistan Finance Minister: IMF Board Approves Release of Over $1.1 Billion Bailout Funds - News18

Last updated Monday, August 29, 2022 13:28 ET

The International Monetary Fund (IMF) board on Monday approved the seventh and eighth reviews of Pakistan’s bailout programme, the country’s finance minister Miftah Ismail said, which will release $1.17 billion in funds to the cash-strapped country.
“The IMF Board has approved the revival of our EFF program. We should now be getting the 7th & 8th tranche of $1.17 billion," Ismail said on Twitter.
The IMF’s resident representative in Islamabad did not immediately respond to a request for comment.

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