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The Independent UK
The Independent UK
Vishwam Sankaran and Reuters

IMF reaches staff-level agreement to unlock $1.2bn for Pakistan

International Monetary Fund United Nations Oli Pakistan Imran Khan Islamabad EFF Iran Monetary Policy
Afghan refugees along with their belongings travel in a vehicle along the mountainous Landi Kotal highway near the Torkham border in Pakistan - (AFP via Getty Images)

The International Monetary Fund (IMF) has ⁠reached a staff-level agreement with Pakistan towards unlocking $1.2bn in funding for the South Asian nation.

The new agreement, which requires the ⁠IMF board’s approval, would give Pakistan ​access ⁠to $1bn under the Extended Fund Facility (EFF) and $210m under the Resilience ‌and Sustainability Facility (RSF), bringing disbursements ‌under the ongoing program to $4.5bn.

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