SBP says it has recieved $1.3bn tranche from IMF

The State Bank of Pakistan (SBP) said on Wednesday that it had recieved $1.3 billion from the International Monetary Fund (IMF).

“The IMF Executive Board completed the third review under the Extended Fund Facility (EFF) in its meeting held on May 8 and approved the disbursement of SDR 760 million for Pakistan. Furthermore, the IMF Executive Board has also approved the disbursement of the second tranche of SDR 154 million under the Resilience and Sustainability Facility (RSF),” the central bank said on the social media platform X.

“Accordingly, SBP has received SDR 914 million (equivalent to about US$ 1.3 billion) under the EFF and RSF in value May 12 from the IMF,” it said.

It said that the amount would be reflected in the country’s foreign exchange reserves for the week ending on May 15.

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