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IMF issues third loan tranche of nearly $500m to Pakistan

byMuhamad Arshad
March 31, 2021
in Business, Finance
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Pakistan Received the third tranche of around $500 million from the International Monetary Fund’s (IMF) loan program, a week after the approval of four pending reviews of Pakistan’s economy.

While taking it to twitter Pakistan’s central bank said “SBP has received an IMF tranche of US$ 498.7 million under the Extended Fund Facility.” 

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#SBP has received IMF tranche of US$ 498.7 million (equivalent to SDR 350 million) under the Extended Fund Facility.

— SBP (@StateBank_Pak) March 30, 2021

The loan tranche was received after resuming a $6 billion loan program a couple of weeks ago by Islamabad. The program was on hold since the Covid-19 outbreak in the country in February 2020.

Tags: IMFloan programloan tranchepending reviewsSBP
Muhamad Arshad

Muhamad Arshad

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