IMF reaches agreement to revive funding to Pakistan - statement
ISLAMABAD, Nov 22 (Reuters) - The International Monetary Fund (IMF) said on Monday it has reached a staff level agreement to revive stalled funding for Pakistan.
"The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review," the IMF said in a statement.
It said completion of the review would make available SDR 750 million, or approximately $1.059 billion, bringing total disbursements so far to about $3.027 billion.
Pakistan entered a $6 billion funding programme with the IMF in 2019, however, the funding stalled earlier this year due to reforms issues.
(Reporting by Asif Shahzad; Editing by Sam Holmes)
