US EditionIMF frees $1 billion for Pakistan, approves new $1.4 billion program
- On Friday, the IMF authorized a $1 billion payment as part of Pakistan's ongoing Extended Fund Facility, along with approving a $1.4 billion climate-focused financing arrangement under the newly established Resilience and Sustainability Facility.
- This approval followed Pakistan's meeting tough conditions under the 37-month $7 billion EFF initiated in September 2024, while India objected and abstained from the vote.
- The RSF aims to enhance Pakistan’s climate resilience through reforms in public investment, disaster financing, and resource efficiency over 28 months as part of broader economic stabilization efforts.
- IMF Deputy Managing Director Nigel Clarke noted Pakistan’s economy is recovering with lower inflation and stronger reserves, adding that risks remain elevated due to global and domestic uncertainties.
- The approvals unlock $2.1 billion to support Pakistan’s macroeconomic stability and climate goals, signaling continued IMF engagement despite regional tensions and external challenges.
32 Articles
32 Articles
IMF loan to Pakistan: why the latest tranche was passed
IMF loan to Pakistan News update: Why has the IMF given Pakistan money? Is it a loan or a grant? How is Pakistan's economy doing now, and why does the country need frequent grants and loans from other nations and institutions? We explain.
IMF frees $1 billion for Pakistan, approves new $1.4 billion program
The International Monetary Fund executive board approved on Friday a fresh $1.4 billion loan to Pakistan under its climate resilience fund and approved the first review of its $7 billion program, freeing about $1 billion in cash.
Did $1-billion IMF loan to Pakistan come with ceasefire condition?
Extensive damage to its military assets might have made Pakistan call for a ceasefire with India, but a $1-billion loan from the IMF might have helped in the de-escalation process. The loan might have come with a clause, asking Pakistan to seek an end to the fighting since the last three days.
Delhi kisses the dust as IMF approves $2.4b Pakistan loan
In a diplomatic embarrassment for India, the executive board of the International Monetary Fund on Friday approved two packages worth $2.4 billion, including a new $1.4 billion facility to mitigate climate challenges. The global lender approved the $1 billion worth second loan tranche of the Extended Fund Facility and sanctioned a new $1.4 billion Resilience and Sustainability Facility (RSF), said the Pakistani authorities. The IMF board approve…
Coverage Details
Bias Distribution
- 46% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
