Final decision to taken by the Board of Governors; Move enhance Pakistan’s possible share too
WASHINGTON – The International Monetary Fund Executive Board has approved a proposal, seeking a 50 per cent increase the quotas allocated to the member states – a move that can help Pakistan more financial assistance in future.
Meanwhile, the third tranche is scheduled for March next year after a second and final review in February, thus concluding the nine-month agreement which came into effect earlier this year on July 1. The IMF quota determines the maximum amount of loans a member can obtain from the Washington-based top lander under normal access and its share in a general allocation of special drawing rights , conducted at least every five years.
The quota increase would enhance the IMF’s permanent resources and strengthen the quota-based nature of the Fund by reducing the reliance on borrowing and thus ensuring the primary role of quotas in its resources.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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