Pakistan to Receive $1.32 Billion as IMF Board Approves Tranches

Pakistan will receive about $1.32 billion after the International Monetary Fund Board approved loan tranches under existing facilities, boosting the country’s ability to shield its economy from increased global risks.

It is set to receive about $1.1 billion under the lender’s so-called Extended Fund Facility, and about $220 million under the climate-focused Resilience and Sustainability Facility, the IMF said in a statement Friday.