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IMF reaches staff-level accord with Pakistan to disburse $1.17 billion

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Reuters UK

By Andrea Shalal and Asif Shahzad NUSA DUA, Indonesia (Reuters) -The International Monetary Fund (IMF) on Thursday said it had reached a staff-level agreement with Pakistan that would pave the way for disbursement of $1.17 billion, if approved by the IMF board, and was considering topping up the programme. In a statement, the IMF said its staff had reached agreement on policies under a review of its Extended Fund Facility (EFF) program that could bring total disbursements under the programme to about $4.2 billion, if approved. The breakthrough could be barely more timely, with the high price o…

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