IMF’s Executive Board approves $1.2bn financing for Pakistan

ISLAMABAD: The International Monetary Fund (IMF) Executive Board on Friday approved Pakistan’s third review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF), allowing access to approximately around USD1. 2 billion. The approval was given at a meeting of the IMF Executive Board held in Washington, DC on Friday. This included approximately USD1. 0 billion (SDR 760 million) under the EFF, along with an additional USD210 million (SDR 154 million) under the RSF. This would bring total disbursements under both facilities to around USD4. 5 billion. READ MORE: IMF Board to review EFF, RSF on May 8 The development follows a staff-level agreement reached on March 27 between IMF staff, led by Iva Petrova, and Pakistani authorities after detailed policy discussions held in Karachi and Islamabad from February 25 to March 2 and subsequently through virtual engagements. Copyright Business Recorder, 2026

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