IMF, Pakistan finalise staff-level deal for $2.3bn funding
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first economic review under the Extended Fund Facility (EFF), securing a $1 billion tranche subject to board approval.
Additionally, a new $1.3 billion arrangement has been finalized under the Resilience and Sustainability Facility (RSF), bringing the total financing package to $2.3 billion.
In a statement issued on Wednesday, the IMF acknowledged Pakistan’s efforts in stabilizing its economy despite global headwinds over the past 18 months.
The Fund noted improvements in fiscal discipline, declining inflation, and stabilisation of external balances.
However, it cautioned that geopolitical risks, fluctuating commodity prices, and climate-related challenges continue to pose significant threats to economic recovery.
