CLEAN : Pakistan seeks $5.3bn IMF loan

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.

What is the interest rate associated with the program?

How does the repayment structure of this program differ from conventional standby arrangements?