The Executive Board meetings of the International Monetary Fund (IMF) on September 25 will now include Pakistan’s new 37-month Extended Fund Facility (EFF). Prime Minister Shehbaz Sharif has expressed gratitude to friendly nations for providing unwavering support in helping Islamabad secure the bailout package.
The global lender announced today that its executive board would convene on September 25 to deliberate on the approval of the $7 billion EFF deal that was concluded with Pakistan. It further stated, “Islamabad is carrying out the terms of the 37-month agreement.”
In July, an agreement on the 37-month financing package was agreed between Islamabad and the international lender. According to the IMF, the scheme was contingent upon receiving executive board approval and receiving “timely confirmation of necessary financing assurances.”
