Pakistan, IMF reach staff-level agreement for $1.2bn tranche
ISLAMABAD: The International Monetary Fund (IMF) on Thursday reached a staff-level agreement (SLA) with Pakistani authorities on the fourth review under the $7 billion Extended Fund Facility (EFF) and the third review under the $1.4bn Resilience and Sustainability Facility (RSF), qualifying Pakistan to draw about $1.2bn from the fund’s resources in four to five weeks. “The IMF team has reached an…
The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the fourth review of the $7 billion Extended Fund Facility (EFF) and the third review of the $1.4 billion Resilience and Sustainability Facility (RSF). This agreement qualifies Pakistan to draw approximately $1.2 billion from the fund's resources within four to five weeks.
The deal must first receive approval from the IMF Executive Board. Additionally, the two sides completed Article IV consultations. The IMF statement highlighted that EFF program implementation has been generally on track despite a difficult external environment, with authorities committed to maintaining macroeconomic stability, stabilizing public finances, controlling inflation, improving energy sector viability, enhancing social protection, and accelerating reform efforts for sustainable growth.
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