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ISLAMABAD:
The Executive Board of the International Monetary Fund (IMF) is expected to approve the third installment of DKK 1 billion. USD to Pakistan under the Enhanced Funds Program (EFF) during its meeting scheduled for December.
The fund is also likely to provide $200 million in climate finance, which will be made available through the Climate Resilience Financing mechanism.
The staff-level agreement between Pakistan and the IMF was finalized on 15 October. Officials from the Ministry of Finance are optimistic that the next installment under the ongoing loan program will be approved.
