The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan that would unlock $1.2 billion in funding once approved by the Fund’s Executive Board.
According to the IMF, the agreement covers two financial arrangements — $1 billion under the Extended Fund Facility (EFF) and $200 million under the Resilience and Sustainability Facility (RSF). This brings Pakistan’s total disbursements under both programmes to around $3.3 billion.
Finance Minister Muhammad Aurangzeb confirmed earlier that the government was close to finalising the deal, which marks a key step towards securing additional support from the global lender.
An IMF mission visited Islamabad last week but left without finalising the staff-level review of Pakistan’s two main financing programmes, valued at a combined $8.4 billion.
The IMF said the agreement remains subject to approval by its Executive Board, which is expected to assess the country’s fiscal performance and reform commitments before releasing the next tranche.
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Azerbaijan has long understood the importance of fostering strong relations with its Central Asian neighbours as the country is strategically located at the crossroads of Eastern Europe and Central Asia.
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Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
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At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
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The UK government has advised its citizens against travelling to Afghanistan, citing tensions between Pakistan and the Taliban led government.
Leaders including Ukraine's Volodymyr Zelenskyy arrived at The Hague on Tuesday to launch an International Claims Commission to compensate Kyiv for hundreds of billions of dollars in damage from Russian attacks and alleged war crimes.
As Prime Minister Narendra Modi embarks on his diplomatic tour to strengthen bilateral ties with Oman, Ethiopia, and Jordan, the significance of these relationships cannot be overstated.
European Commission President Ursula von der Leyen highlighted key developments in the ongoing peace efforts to end the war in Ukraine, stressing the importance of a robust peacekeeping force and the alignment between Ukraine, Europe, and the United States.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 16th of December, covering the latest developments you need to know.
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