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IMF Completes First Review Under Stand-By Arrangement with Pakistan and Approves US$847.1 Million Disbursement.

Publication: M2 Presswire
Publication Date: 31-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 March 2009-IMF: IMF Completes First Review Under Stand-By Arrangement with Pakistan and Approves US$847.1 Million Disbursement(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:30032009

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Pakistan's economic performance under a program supported by a 23-month Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR 568.5 million (about US$ 847.1 million), bringing total disbursements under the program to an amount equivalent to SDR 2.64 billion (about US$3.93 billion).

The Executive Board also approved Pakistan's request for a waiver for the...

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