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IMF Board Sets Dec. 8 Vote on $1.2 Billion Package for Pakistan

The program ties new financing to a governance overhaul alongside climate resilience steps identified in a fresh IMF diagnostic.

Overview

  • Pakistan’s request totals $1.2 billion, split between $1 billion under the Extended Fund Facility and $200 million from the Resilience and Sustainability Facility.
  • Officials indicate that, if approved, funds could be disbursed as early as December 9 to help bolster external buffers and market confidence.
  • An IMF Governance and Corruption Diagnostic outlines a 15‑point integrity agenda, with the fund estimating 5–6.5% growth over five years if reforms begin within six months.
  • The package follows staff‑level talks held September 24 to October 8 in Karachi, Islamabad, and Washington covering fiscal policy, monetary tightening, structural changes, and climate commitments.
  • The board session will review Pakistan’s progress under the EFF and the first review under the RSF, with climate priorities spanning disaster resilience, water management, and better climate data systems.