13:56 GMT11 April 2021
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    IMF mission head Harald Finger said that International Monetary Fund has completed the finial review of Pakistan's economic program, allowing the country to receive $102 million in assistance upon approval by the fund's board.

    WASHINGTON (Sputnik) The International Monetary Fund (IMF) has completed the finial review of Pakistan's economic program, allowing the country to receive $102 million in assistance upon approval by the fund's board, IMF mission head Harald Finger said in a release on Thursday.

    "The agreement is subject to approval by the IMF Management and the Executive Board," Finger stated. "Upon completion of this review, SDR 73 million (about US$102 million) will be made available to Pakistan."

    The IMF said Pakistan's growth will likely reach 5 percent in 2016 and 2017 due to construction activity and investment upturn.

    However, a complicated global economic environment and declining exports could undermine prospects of growth, according to the release.

    In July, the IMF board completed a review of Pakistan’s economic performance and has approved disbursement of the next money tranche to the country amounting $501 million.

    In 2013, the IMF approved about $6.64 billion aid package for Pakistan.

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    Tags:
    tranche, International Monetary Fund, Pakistan
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