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ISLAMABAD: The IMF and Pakistan have reached a staff-level agreement for the second and final review under the Standby Arrangement, the implementation of which is subject to the approval of the IMF’s Executive Board.
Pakistan will have access to $1.1 billion after final approval, which is expected next month, the IMF said in a statement.
Given the timing of the second review mission after the formation of the new cabinet in Pakistan according to the IMF, the IMF’s board is expected to consider the review in late April.
The IMF says the agreement builds on the implementation of robust programs by the State Bank of Pakistan and the caretaker government in recent months and the new government’s ongoing policy and reform efforts to strengthen and stabilize Pakistan.