The Iternational Monetary Fund (IMF) is likely to delay the release of its third tranche of the total USD 6 billion Extended Fund Facility (EFF) to cash-strapped Pakistan in the wake of the global coronavirus pandemic, according to a media report on Sunday. Pakistan in December last had received the second tranche amounting USD 454 million. The delay of the release of the third trance, amounting USD 450 million, will be likely due to the surfacing of new realities on the macroeconomic front following the coronavirus pandemic, The News International reported. “Under the existing arrangement of USD 6 billion Extended Fund Facility (EEF), the approval of third tranche might be delayed for some time because all macroeconomic targets have shaken, arising out requirement to re-adjust macroeconomic targets,” it noted.
