The International Monetary Fund (IMF) has yet to include Pakistan on the agenda for its executive board meetings scheduled until July 31.
According to the IMF’s website, the executive board meetings are set for July 24, July 26, July 29, and July 31, but the 37-month Extended Fund Facility (EFF) Arrangement of about $7 billion for Pakistan is not on the agenda. Pakistani authorities and the IMF team reached a staff-level agreement on the 37-month Extended Fund Arrangement (EFF), amounting to SDR 5,320 million (approximately US$7 billion), on July 12.
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This agreement requires approval from the IMF’s Executive Board and timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.
