The federal government has reached a deal with the International Monetary Fund (IMF) for a new $1.3 billion arrangement and also agreed on the first review of the ongoing 37-month bailout programme, the Fund said on Tuesday.
Pending board approval, the government can unlock the $1.3bn under a new climate resilience loan programme spanning 28 months.
It will also free $1bn for the country under the $7bn bailout programme, which would bring those disbursements to $2bn.
“The...
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