Overview
- State Bank of Pakistan confirmed receiving about 914 million SDRs on December 10, split between 760 million SDRs under the EFF and 154 million SDRs under the climate‑focused RSF.
- The inflow will appear in the central bank’s foreign‑exchange reserves for the week ending December 12, with SBP reserves last reported around $14.6 billion.
- The disbursement followed completion of the IMF’s second EFF review and first RSF review, taking total releases under the two facilities to $3.3 billion.
- Pakistan met two prior actions: issuing a guarantee to order the restructuring of an undercapitalised bank and publishing a Governance and Corruption Diagnostic Assessment, while the IMF granted some waivers and relaxations.
- IMF Deputy Managing Director Nigel Clarke praised reform progress, citing a FY2025 primary surplus and easing fiscal and external pressures, while urging faster structural reforms.