{"id":21336,"date":"2025-05-14T13:43:45","date_gmt":"2025-05-14T08:43:45","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=21336"},"modified":"2025-05-14T13:43:47","modified_gmt":"2025-05-14T08:43:47","slug":"pakistan-receives-1bn-imf-tranche-under-extended-fund-facility","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2025\/05\/14\/pakistan-receives-1bn-imf-tranche-under-extended-fund-facility\/","title":{"rendered":"Pakistan receives $1bn IMF tranche under Extended Fund Facility"},"content":{"rendered":"\n<p><strong>The State Bank of Pakistan (SBP) on Wednesday confirmed that it has received the second tranche of $1.023 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) days after the global lender approved the first review of Pakistan\u2019s ongoing loan programme.<\/strong><\/p>\n\n\n\n<p>According to the central bank, the inflow will be recorded in the country\u2019s foreign exchange reserves for the week ending May 16.<\/p>\n\n\n\n<p>The disbursement follows the IMF Executive Board\u2019s meeting held in Washington, D.C., on May 9, during which it gave the green light to Pakistan\u2019s progress under the $7 billion EFF arrangement.<\/p>\n\n\n\n<p>The board\u2019s approval comes after a staff-level agreement was reached between the Fund and Pakistani authorities on March 25, 2025.<\/p>\n\n\n\n<p>The IMF also approved a new 28-month Resilience and Sustainability Facility (RSF) for Pakistan, granting access to an additional $1.3bn. The RSF aims to support Pakistan\u2019s efforts to build climate resilience, a growing concern for the country in the wake of increasingly frequent extreme weather events.<\/p>\n\n\n\n<p>In a statement following the board meeting, the IMF acknowledged Pakistan\u2019s efforts in restoring macroeconomic stability, highlighting a sharp reduction in inflation \u2014 now at its lowest level since 2015 \u2014 alongside improved financial conditions and a strengthened external account.<\/p>\n\n\n\n<p>However, the Fund also underscored persistent structural weaknesses in the economy, including a narrow tax base, weak governance frameworks, and underinvestment in key social sectors such as health, education, and infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Bank of Pakistan (SBP) on Wednesday confirmed that it has received the second<\/p>\n","protected":false},"author":1,"featured_media":21337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2,215],"tags":[],"class_list":["post-21336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - 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