The Executive Board of the International Monetary Fund (IMF) has approved two major financing arrangements for Pakistan, releasing a total of approximately $2.4 billion to support the country’s ongoing economic reforms and climate resilience initiatives.
In a statement following its Executive Board meeting on May 9, the IMF announced the successful completion of the first review of Pakistan’s economic reform programme under the Extended Fund Facility (EFF). This approval enables the immediate disbursement of around $1 billion, bringing total disbursements under the current EFF arrangement to approximately $2.1 billion.
Additionally, the Board approved Pakistan’s request for funding under the Resilience and Sustainability Facility (RSF), granting access to approximately $1.4 billion. The RSF is designed to assist countries in addressing long-term challenges related to climate change and natural disasters, particularly in vulnerable economies like Pakistan’s.
The original 37-month EFF programme for Pakistan, valued at around $7 billion, was approved by the IMF on September 25, 2024. The initial approval allowed Pakistan to access roughly $1 billion immediately.
With the latest release of funds, Pakistan has now received close to $2.1 billion under the EFF, reflecting the IMF’s continued support for the country’s reform agenda and its efforts to build climate resilience.
