Washington, May 15: The International Monetary Fund (IMF) on Friday approved immediate disbursement of USD 1.3 billion of financial assistance to Pakistan, as it noted that the country’s vulnerability remains high.
A decision in this regard was taken by the IMF Executive Board following the completion of fourth review of Pakistan’s economic performance under a programme supported by a Stand-By Arrangement (SBA).
With this, the total disbursement to Pakistan so far has been USD 7.27 billion.
The IMF Board also approved rephasing three remaining disbursements into two while keeping the total access under the arrangement unchanged, a media statement said.
Pakistan’s request for the waiver of two end-March 2010 quantitative performance criteria stipulated by the IMF for disbursement of the loan has also been approved.
–PTI