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Reading: Disbursement of $550m IMF tranche likely next month
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PhotoNews Pakistan > Business > Disbursement of $550m IMF tranche likely next month
Business

Disbursement of $550m IMF tranche likely next month

Web Desk
By Web Desk Published August 18, 2014 1 Min Read
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With two more waivers for non-compliance, the government and the International Monetary Fund (IMF) are reported to have completed the 4th review of the $6.8 billion bailout package, paving the way for disbursement of a $550 million tranche to Pakistan early next month.

After the joint news conference, the IMF mission will return to Washington to submit a report to its executive board for formal grant of two waivers on violation of agreed programme benchmarks.

 Mr Amin said the IMF executive board was expected to meet in the second week of September to take up completion of the 4th review and disbursement of the 5th tranche of $550m.

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