(VOVworld) - The International Monetary Fund has approved giving 6.64 billion USD to Pakistan over three years to support the country's economic reforms and growth.

(Photo: AFP)

The approval enables an initial disbursement of about 544.5 million USD while the remaining amount will be evenly disbursed over the duration of the program, subject to the completion of quarterly reviews. The IMF’s aid aims to support the country's economic reform program to promote inclusive growth. The International Monetary Fund executive board noted that despite the challenges it faces, Pakistan is a country with abundant potential, given its geographical location and its rich human and natural resources. The board also endorsed the government's economic reforms program, hoping that it will help the economy rebound, forestall a balance of payments crisis and rebuild reserves.