ISLAMABAD: The International Monetary Fund board on Monday approved the seventh and eighth reviews of Pakistan’s bailout program, the country’s finance minister, Miftah Ismail said, which will release $1.17 billion in funds to the cash-strapped country.
“The IMF Board has approved the revival of our EFF program. We should now be getting the 7th & 8th tranche of $1.17 billion,” Ismail said on Twitter.
The IMF’s resident representative in Islamabad did not immediately respond to a request for comment.