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Extended Fund Facility to Pakistan
August 4 , 2022
848 days
700
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- IMF signed an Extended Fund Facility (EFF) With Pakistan government for the revival of its economy.
- According to the Economic Survey of Pakistan 2022, the fiscal deficit in FY 22 was $18.6 billion.
- The net public debt at $252 billion, which is 66.3% of the GDP.
Extended Fund Facility (EFF)
- It provides support for comprehensive programs including the policies needed to correct structural imbalances over an extended period.
- The EFF engagement and repayment cover longer periods than most Fund arrangements.
- The funds are provided for up to 3 to 4 years.
- Amounts drawn under an EFF are to be repaid over 5 -10 years.
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