IMF Board has approved the revival of the Pakistan EFF program. It will be getting the 7th & 8th tranches of how many billion $?
A. $1.17 billion
B. $2.0 billion
C. $2.5 billion
D. $3.5 billion
The International Monetary Fund’s (IMF) executive board has approved the revival of Pakistan’s Extended Fund Facility (EFF) programme after which the country will receive the 7th and 8th tranche of $1.17 billion, Finance Minister Miftah Ismail said on Monday.
“Alhamdolillah the IMF Board has approved the revival of our EFF program. We should now be getting the 7th & 8th tranche of $1.17 billion,” he tweeted. The International Monetary Fund (IMF) has approved the revival of a massive loan program for Pakistan as the country struggles to deal with a longstanding economic crisis made only worse by devastating monsoon flooding in recent weeks.
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