ISLAMABAD: The IMF on Monday announced that Pakistan and the Fund authorities had reached a staff-level agreement after evolving a consensus on prior actions. After implementation on agreed prior action, the IMF’s Executive Board will consider approval of the next tranche of over $1 billion.
According to IMF’s announcement made here on Monday, an International Monetary Fund (IMF) mission led by Ernesto Ramirez Rigo held virtual discussions during October 4-November 18, 2021, in the context of the 2021 Article IV consultations and the sixth review of the authorities’ reform programme supported by the IMF’s Extended Fund Facility (EFF).