Islamabad December 8 2023: The International Monetary Fund’s executive board will meet Jan. 11 to consider final approval to disburse the next $700 million tranche from its current loan program, according to Bloomberg.
Pakistan last month reached a staff-level agreement with the IMF for the payment, under its existing $3 billion bailout package, and the board typically approves such deals.
The South Asian nation, which is grappling with Asia’s fastest inflation, has about $1 billion in dollar-denominated debt due next year and is scheduled to hold elections scheduled in February.
