ISLAMABAD: A delegation of the International Monetary fund (IMF) has arrived in the federal capital for two weeks.
The IMF delegation is expected to review Pakistan’s performance under its $6 billion Extended Fund Facility (EFF) finalised in May this year.
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The IMF delegation led by Mission Chief to Pakistan Ernesto Ramirez-Rigo will stay in the country for two weeks.
The successful fulfillment of the first review would enable Islamabad to draw about $453 million from the Fund in first part of December this year, taking the total amount to almost $1.44 billion.
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In July, the IMF had released $1 billion to Pakistan after its cabinet approved a $6 billion bailout package. It is a three-year loan programme.
The fund will evaluate Pakistan’s performance quarterly over 39 months, phasing release of the additional funding over time.
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