Summary IMF Executive Board to meet Friday to approve Pakistan’s $1.2B loan tranche under EFF and RSF programs after completing staff-level agreement conditions
ISLAMABAD (Dunya News) – The International Monetary Fund (IMF) Executive Board will meet today (Friday) in Washington where it is likely to approve Pakistan’s economic review and release of $1.2 billion loan installment under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs.
According to the Ministry of Finance, Pakistan is set to receive $1 billion following the successful completion of the third review, while an additional $210 million will be released after the second review under the RSF program.
Pakistan and the IMF finalized a staff-level agreement on March 27. The country has reportedly complied with most of the IMF’s stipulated conditions, and the Executive Board is expected to approve the loan based on this agreement.
Finance Minister Muhammad Aurangzeb confirmed that Pakistan has successfully completed all preconditions under the staff-level deal and that the loan approval is forthcoming.
The release of the $1.2 billion tranche is expected to support Pakistan’s economic stability and strengthen its financial position.
