The International Monetary Fund (IMF) has officially updated its Executive Board agenda to include the first review of Pakistan’s performance under the Extended Fund Facility (EFF), along with a request for modification of performance criteria and an arrangement under the Resilience and Sustainability Facility (RSF).
According to the IMF’s website, the Executive Board meeting is scheduled for May 9, where Pakistan’s progress under the $7 billion EFF will be evaluated. If approved, this review would unlock the next tranche of $1.1 billion in financial assistance, part of a broader 37-month programme agreed upon on July 12, 2024.
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The programme, valued at SDR 5,320 million (approximately $7 billion), includes multiple disbursements based on Pakistan meeting its agreed-upon reform targets. The first tranche was disbursed upfront, while future payments are scheduled biannually.
The agenda also includes Pakistan’s potential access to $1.2 billion under the Resilience and Sustainability Facility, should the country opt to activate it in the future. This facility aims to support climate-resilient and sustainable economic reforms.
The IMF review comes at a critical time for Pakistan as it seeks to stabilize its economy, meet reform benchmarks, and ensure continued access to international funding.
