What is the interest rate associated with the program?
CLEAN : Pakistan seeks $5.3bn IMF loan
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10th Grade - University
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The transcript discusses plans to improve tax collections and public sector enterprises in Pakistan. It highlights an agreement on an economic program aimed at a better future for Pakistanis. The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement for a three-year program worth at least 5.3 billion USD under an extended fund facility. The program, with a floating interest rate of about 3%, is designed to ease Pakistan's future repayments to the IMF.
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How does the repayment structure of this program differ from conventional standby arrangements?
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