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ISLAMABAD:
The Executive Board of the International Monetary Fund (IMF) is expected to approve the third tranche of $1 billion for Pakistan under the Extended Fund Facility (EFS) program during its meeting scheduled in December.
The Fund is also likely to provide $200 million in climate finance, which will be available through the climate resilience financing facility.
The staff-level agreement between Pakistan and the IMF was finalized on October 15. Finance Ministry officials are optimistic that the next tranche of the ongoing loan program will be approved.
