IMF disburses $555.6 million loan tranche for Pakistan

WASHINGTON, March 24 Mon Mar 24, 2014 1:27pm EDT

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WASHINGTON, March 24 (Reuters) - The International Monetary Fund said on Monday it had wrapped up its second review of Pakistan's performance under its IMF loan program, allowing for the disbursement of a $555.6 million tranche.

In completing the review, the IMF said it approved Pakistan's request for waivers for a failure to meet some performance criteria, including government borrowing from the central bank. (Reporting by Timothy Ahmann; Editing by James Dalgleish)