The International Monetary Fund (IMF) confirmed on Thursday that its Executive Board meeting regarding Pakistan’s bailout program will go ahead as scheduled on May 9, 2025.
“As previously announced, the Board meeting for the first review of the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) is set for May 9,” an IMF spokesperson told Business Recorder.
The IMF emphasized that its support aims to strengthen Pakistan’s economy by rebuilding foreign reserves, enhancing economic stability, and promoting inclusive growth through key reforms. “The EFF is designed to restore macroeconomic policy credibility, build resilience with stronger financial buffers, and support broader, inclusive growth,” the IMF noted.
This confirmation comes as tensions between India and Pakistan have escalated into the most intense fighting in over 20 years. Cross-border shelling and airstrikes have erupted in the Kashmir region, with Indian forces targeting sites inside Pakistan. According to Pakistan’s military spokesperson, at least 31 Pakistanis have been killed and dozens injured in recent missile attacks by India. In retaliation, Pakistan’s military reported shooting down five Indian fighter jets, including Rafale, MiG-21, and SU-30 aircraft.
In its statement, the IMF added: “We hope for a peaceful resolution and a swift de-escalation between both parties.”
Last month, Pakistan and IMF staff reached an agreement on a new $1.3 billion climate resilience loan, alongside completing the first review of the ongoing 37-month, $7 billion bailout program. If the IMF’s Executive Board approves the deal, Pakistan will gain immediate access to $1.3 billion under the new 28-month climate program and unlock an additional $1 billion from the existing bailout—bringing total disbursements to $2 billion.
The IMF program is vital for Pakistan’s $350 billion economy. Pakistani authorities have credited the bailout with stabilizing the country’s finances and helping avert a potential default.
