Pakistan and the IMF reached a staff-level agreement for a $1.2 billion loan under EFF and RSF programmes, pending board approval. The IMF lauded macroeconomic progress but noted flood-related risks to growth and stressed climate resilience measures.

Islamabad: Pakistan and the IMF on Wednesday reached a staff-level agreement (SLA) on the country’s loan programmes, paving the way for Islamabad to access USD 1.2 billion, pending approval from the global lender’s board.

The Washington-based International Monetary Fund (IMF) will provide Pakistan with USD 1 billion under its Extended Fund Facility (EFF) and USD 200 million under its Resilience and Sustainability Facility (RSF) after approval from the fund’s board.

Last week, an IMF mission led by Iva Petrova concluded talks with Pakistani

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