Staff-level agreement
aid & finance. Also IMF staff-level agreement
An agreement between IMF staff and a country’s government on economic policies for a new loan or a programme review. It is not yet a decision of the Fund: it must be approved by the IMF Executive Board, often only after the government completes agreed “prior actions” and other lenders confirm financing. In July 2024 Pakistan reached a staff-level agreement on a 37-month, roughly $7 billion Extended Fund Facility, approved by the Board in September 2024.1
Linked from 2 pages across CUPA.
Sources
- Press Release No. 24/273: Pakistan, IMF reaches agreement on economic policies for 37-month EFF. International Monetary Fund, 2024-07-12. Official
