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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 Financing Facility (EFF) program at 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 Facility.
The service 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.
