Pakistan and the International Monetary Fund have reached a staff-level agreement to unlock about $1.2 billion in two tranches under separate financing arrangements, the IMF said. The accord covers the third review of Pakistan’s 37-month Extended Fund Facility (EFF) and the second review of the 28-month Resilience and Sustainability Facility (RSF).
Negotiations began in person in Karachi and Islamabad from February 25 to March 2 and continued virtually before the staff-level agreement was secured, the IMF said. Subject to final approval by the IMF’s executive board, Pakistan is expected to receive roughly $1.0 billion (SDR 760 million) from the EFF and about $210 million (SDR 154 million) from the RSF, IMF mission chief Iva Petrova said.
The IMF highlighted Pakistani authorities’ commitment to maintaining prudent macroeconomic policies to preserve recent stabilization gains, advancing structural reforms to support growth, and strengthening social protection measures to shield vulnerable households from volatile energy prices.
Pakistan joined the IMF’s $7 billion EFF programme in 2024 to restore market confidence, sustain fiscal reforms and improve energy-sector efficiency. It also secured a $1.4 billion RSF arrangement last year aimed at building climate resilience, enhancing disaster management, improving water efficiency and promoting green financing. The disbursement will proceed once the IMF board completes its review.
