The International Monetary Fund (IMF) has announced that its Executive Board will meet on May 9 to consider two major financial matters related to Pakistan: the approval of a $1.3 billion climate resilience loan and the first review of the ongoing $7 billion bailout programme.
According to the IMF’s official schedule, the meeting will cover the first performance review under Pakistan’s 37-month Extended Fund Facility (EFF) and a new loan request under the Resilience and Sustainability Facility (RSF)—a program designed to support countries in strengthening their climate resilience.
Finance Minister Muhammad Aurangzeb had earlier indicated during his visit to Washington that he expected the board to approve the new financing package in early May. If approved, Pakistan will receive a $1 billion disbursement as part of its ongoing bailout agreement, which was secured in July 2024.
The IMF programme is seen as a financial lifeline for Pakistan’s struggling economy, helping stabilize its fiscal outlook, secure foreign reserves, and rebuild investor confidence. The ongoing EFF arrangement involves six scheduled reviews, with each tranche release tied to Pakistan’s economic performance and reform progress.
In March, Pakistan successfully concluded the first biannual review with IMF staff without facing additional tax or revenue conditions. IMF Mission Chief Nathan Porter praised Pakistan’s efforts, highlighting progress in fiscal consolidation, inflation control, and energy sector reforms.
Additionally, a separate IMF team visited the country earlier this year to assess Pakistan’s request for over $1 billion in climate-related financing, signaling Pakistan’s growing focus on environmental sustainability in its economic planning.
