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IMF board to meet on $7.6 bln Pakistan credit
WASHINGTON |
WASHINGTON (Reuters) - The International Monetary Fund board is expected to meet shortly on $7.6 billion in emergency funding for Pakistan, part of bigger rescue plan to address the country's serious balance of payments problems, the IMF said on Saturday.
"This support is part of a broader package that includes financing from other multilateral institutions and regional development banks," IMF Managing Director Dominque Strauss-Kahn said in a statement.
The standby lending facility, which is subject to the IMF Executive Board's approval, is part of an economic program and would last for 23 months, the IMF said.
(Writing by Stella Dawson; Editing by Andrea Ricci)
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