WASHINGTON (Reuters) - Pakistan has requested an emergency loan disbursement from the International Monetary Fund to help fight the coronavirus under the fund's Rapid Financing Instrument program, IMF Managing Director Kristalina Georgieva said on Friday.
She did not identify the size of the loan, but under the program, Pakistan would be able to borrow up to its full quota -- about $2.76 billion -- over two years, or $1.43 billion over a single year to meet urgent balance-of-payments needs.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!