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IMF Board Set to Decide on $1.2 Billion for Pakistan Today

The review follows Pakistan’s release of an IMF governance diagnostic outlining a 15-point anti-corruption reform agenda.

Overview

  • The Executive Board is scheduled to consider a $1.2 billion tranche comprising $1.0 billion under the Extended Fund Facility and $200 million via the Resilience and Sustainability Facility.
  • The decision follows an October staff-level agreement reached after talks in Karachi, Islamabad and Washington.
  • Pakistan has met required preconditions, including publishing a Governance and Corruption Diagnostic, according to officials.
  • If approved, funds could be disbursed as soon as December 9 to reinforce foreign-exchange buffers and investor confidence.
  • The RSF component backs climate reforms such as green budgeting, climate-risk integration in finance and planning climate-resilient infrastructure, which IMF leaders have praised.