IMF 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.
34 Articles
34 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.
IMF approves yet another program for Pakistan
ECONOMYNEXT – The International Monetary Fund approved another program for Pakistan, with after completing the first review of an extended fund facility which came on the footsteps of an earlier one which was aborted in its last stages. Pakistan would be able to draw down 1 billion dollars under the existing program. The new program, under IMF’s Resilience and Sustainability Facility (RSF), would be 1.4 billion US dollars. Pakistan’s inflation h…
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